Eric Trump Denies New Cryptocurrency Rumors

Eric Trump has denied rumors that the Trump family is launching a new cryptocurrency. He took to X on August 22 to squash the claims, calling them 'absolutely not true' and labeling them as fraud.

The denial was in response to a post from the account @WhaleScan, which claimed that Donald Trump was preparing to release a new coin. The post referenced previous Trump-related meme coins like $TRUMP and $MELANIA as context, implying that the family was gearing up for another digital asset launch.

Eric Trump's statement protected the family brand from unauthorized association and signaled to potential investors that this particular claim had no backing from anyone with actual authority to launch a Trump-affiliated token.