
The denial followed a Whale Scan post alleging an imminent Trump coin launch, while TRUMP and MELANIA recorded double-digit 24-hour gains amid unverified market speculation.
Eric Trump rejected claims on Saturday that anyone was preparing to launch a new Trump-linked cryptocurrency, calling the reports fraudulent and writing on his Blue-checkmarked X account, "What a joke… This is absolutely not true. No one is launching any kind of coin. If anyone is suggesting otherwise, it’s a fraud." His post quoted a Whale Scan message that said Donald Trump was "officially about to launch his new coin," but the claim identified neither a ticker nor a contract address and cited no announcement from Trump, Robinhood or a named token issuer. A separate post alleged that a new Robinhood Chain wallet had received 290 ETH and interacted with "WWW / ‘Truth Coin’ contracts," without naming the wallet or establishing who controlled it. The rumor circulated as CoinGecko listed TRUMP at $2.47, up 37.9% over 24 hours, and MELANIA at $0.1112, up 18.4%; both remained below their listed 24-hour highs. The market data showed the scale of the moves but did not establish their cause. The episode adds to scrutiny of unverified crypto claims amid the Trump family’s existing links to World Liberty Financial, American Bitcoin and earlier TRUMP and MELANIA meme coins.