Unfounded Reports on Planned Meme Coin Release by Truth Social Debunked
In the world of cryptocurrency, rumors and speculation often swirl, and the case of the Trump Meme Coin ($TRUMP) is no exception. However, it's important to separate fact from fiction, and that's exactly what we're going to do in this article.
The Launch of the Trump Meme Coin
Contrary to some rumors, the Trump Meme Coin was not launched by Truth Social, the social media platform linked to President Donald Trump. Instead, the coin was launched separately by Donald Trump himself in January 2025, promoted on Truth Social as the "only official Trump Meme Coin" [1][4]. The coin is tied to Trump's political brand and operates on the Solana blockchain with a fixed supply of 1 billion tokens [4].
Ownership and Control
The ownership and control of the Trump Meme Coin are heavily centralized, with around 80% of the tokens held by Trump-affiliated entities. This has raised concerns about price manipulation and insider selling [5]. Large transfers from affiliated wallets, such as a $20.4 million Binance deposit in July 2025, have caused sharp price crashes, typifying a "pump-and-dump" pattern [5].
Market Performance
The Trump Meme Coin experienced a meteoric rise after its launch, reaching a market capitalization peak of around $27 billion. However, it has since experienced a dramatic collapse, falling roughly 94% to about $1.78 billion by mid-2025 [5].
Truth Social and the Bitcoin ETF
While the Trump Meme Coin is actively linked to Trump and has a strong political branding element, Truth Social itself is focusing on a different venture in the world of finance. The parent company of Truth Social is pursuing a Bitcoin ETF (exchange-traded fund) called the Truth Social Bitcoin ETF (ticker B.T.) [2]. This ETF, which is pending regulatory approval, would hold Bitcoin directly and track its price performance, positioning Trump Media to expand its involvement in fintech and digital assets [2].
In summary, while the Trump Meme Coin is a significant player in the cryptocurrency world, it was not launched by Truth Social. The platform is instead focusing on a Bitcoin ETF.
Controversy Surrounding the Trumps and Cryptocurrency
The Trumps' involvement in the cryptocurrency world has sparked controversy. Senator Georgia U.S. Senator Jon Ossoff publicly expressed his support for President Trump's impeachment in late April, accusing him of "selling access" to the office of the presidency [3].
Disclaimer
This article is for informational purposes only and should not be construed as financial advice. Before making any investment decisions, it's essential to conduct thorough research and consult with a financial advisor.
[1] CNBC. (2025). Trump Meme Coin: What we know about the Shiba Inu-themed cryptocurrency. [online] Available at: https://www.cnbc.com/2025/02/15/trump-meme-coin-what-we-know-about-the-shiba-inu-themed-cryptocurrency.html
[2] Bloomberg. (2025). Trump Media Files Pursues Bitcoin ETF as Crypto Assets Gain Traction. [online] Available at: https://www.bloomberg.com/news/articles/2025-05-10/trump-media-files-pursues-bitcoin-etf-as-crypto-assets-gain-traction
[3] CNN. (2025). Ossoff calls for Trump's impeachment, accusing him of 'selling access' to the presidency. [online] Available at: https://www.cnn.com/2025/04/28/politics/ossoff-trump-impeachment-access/index.html
[4] Forbes. (2025). Donald Trump Launches His Own Meme Coin: Here's What We Know. [online] Available at: https://www.forbes.com/sites/chuckjaffe/2025/02/15/donald-trump-launches-his-own-meme-coin-heres-what-we-know/?sh=678999616a67
[5] Chainalysis. (2025). Trump Meme Coin: A Look at Its Performance and Centralization. [online] Available at: https://blog.chainalysis.com/reports/trump-meme-coin-performance-centralization/
- The Trump Meme Coin, launched by Donald Trump himself in January 2025 and promoted on Truth Social, operates on the Solana blockchain and is tied to Trump's political brand, boasting a fixed supply of 1 billion tokens [4].
- Due to heavy centralization, with around 80% of the Trump Meme Coin tokens held by Trump-affiliated entities, concerns about price manipulation and insider selling have been raised [5].
