Trump Family Denies New Cryptocurrency Launch Amid Speculation

Eric Trump has come forward to squash rumors that his father, US President Donald Trump, is planning to launch a new cryptocurrency. The speculation began with a social media post from an account called Whale Scan, which claimed that Trump was 'about to officially launch his new coin.' Eric Trump responded by stating that the claim is 'absolutely not true' and warned investors against potential scams.

The rumors come at a time when the crypto market is already on edge. The Trump family has been involved in previous token ventures, including the Official Trump ($TRUMP) memecoin launched on the Solana network just days before his second presidential term in January 2025. With a total supply of 1 billion units, $TRUMP attracted intense speculative interest and became one of the most prominent assets in the crypto market.

Eric Trump's denial is likely to bring some relief to investors who were concerned about potential manipulation or insider trading. However, it also highlights the ongoing controversy surrounding the intertwining of political influence and crypto assets.