Eric Trump Denies Rumors of New Cryptocurrency Launch Amid TRUMP Token Surge

Eric Trump responded to rumors of a new cryptocurrency launch on Saturday, calling them 'fraudulent' and stating that 'no one is launching any kind of coin.' The rumors centered around unverified claims about a 290 ETH Robinhood Chain wallet interacting with alleged 'Truth Coin' contracts. Eric Trump's response came as the TRUMP token saw a 37.9% gain over 24 hours, reaching $2.47 on CoinGecko.

The rumors had claimed that Donald Trump was set to launch his new coin, but no announcement or details were provided. A Whale Scan message quoted by Eric Trump declared 'DONALD TRUMP IS OFFICIALLY ABOUT TO LAUNCH HIS NEW COIN,' but did not cite any sources. The post also mentioned a Robinhood Chain wallet receiving 290 ETH and interacting with 'WWW / 'Truth Coin' contracts.

Eric Trump's response rejected the central launch claim, but did not address the specific ticker or contract activity. The market data showed significant gains for TRUMP and MELANIA tokens over 24 hours, with TRUMP up 38% and MELANIA up 18.4%. However, no explanation was provided for the price movements.