Eric Trump Shuts Down Fresh Crypto Launch Speculation Amid Token Price Volatility
Speculation surrounding a new Trump family cryptocurrency has come to an end after Eric Trump shut down claims of a fresh launch. The unfounded rumors began when @WhaleScan posted on X that Donald Trump was about to introduce a new digital token, but the tweet lacked concrete evidence and only fueled speculation.
The unsubstantiated claims even led some market participants to investigate further, with one alleged wallet credited with 290 ETH transacting under the label 'WWW / Truth Coin'. However, Eric Trump quickly put an end to the rumors by stating on X that such claims were 'fraudulent' and that no new coin was being launched.
The TRUMP token rose 38% in value during this period, trading at $2.47 according to CoinGecko data. MELANIA also gained 18.4%, reaching $0.1112. While both tokens remain below their 24-hour peaks, the incident highlights how quickly baseless speculation can influence token valuations.