Eric Trump Shuts Down Rumors of New Trump Cryptocurrency Launch

Speculation about a new Trump cryptocurrency has been circulating on social media, but Eric Trump has shot down rumors of a launch. In a post on X, he stated that claims of a new coin were 'baseless' and that anyone promoting them was trying to run a scam.

The rumors started after a tweet from @WhaleScan claimed that Donald Trump was preparing to launch a new token on the Robinhood Chain. The tweet included details about the supposed token's ticker, supply, and allocation, but Eric Trump quickly denied the claims, calling them 'a fraud.'

Eric Trump's statement did not appear in isolation, as speculation about a new Trump coin had been building for days. Trader Ely claimed that a Trump or Trump family launch on Robinhood Chain was 'coming this weekend,' although he noted that a sitting president cannot directly launch an official token.