• Ran Neuner claimed the true social memes during which Coin was launched in 72 hours.
• Earlier TMTG plans have mentioned digital reward tokens, however nothing was launched.
• Memecoin hypothesis about Trump model property stays excessive.

Rumors concerning the True Social Meme Coin have been despatched to Tailspin this week with social media and crypto merchants, and have since been shortly denied by all official Trump-related entities.

Hypothesis started with a viral tweet from Crypto Banter host Ran Neuner.

These claims have been countered by Donald Trump Jr., World Liberty Monetary (WLFI), and the Society of Reality itself, however using “$DJT” within the platform’s X-profile lives on hypothesis in a number of corners of the market.

Trump-related teams deny claims

The controversy broke out Monday when Neuner posted to X that “Reality Social Memecoin” could be launched inside 72 hours, suggesting it was backed by the identical staff that beforehand launched the Trump Token.

The submit shortly unfold amongst memecoin traders who interpreted the information as a sign that new Trump-themed tokens had been coming into the market.

Fans had been paralleled with early Trump tokens that gained traction throughout US election season.

Some seen this as a possible sign for an additional rally linked to Donald Trump’s political branding.

Inside hours of rumours being towed, a number of official Trump-related platforms and people issued denials.

Reality Social, run by Trums Media & Know-how Group (TMTG), has revealed that Meme Coin has not been growing or launching it.

World Liberty Monetary, a Defi mission associated to the Trump household, has revealed that it stays the one crypto mission supported by them.

WLFI has warned customers, saying that “folks pushing faux tokens” are prone to be finishing up scams concentrating on uninformed traders.

Donald Trump Jr. additional emphasised that the rumors “has no reality in any respect” and requested folks to keep away from falling for deceptive claims.

Neuner later admitted the backlash and posted a follow-up to point out {that a} denial was issued and no affirmation existed concerning the true social-related crypto token.

Resurrecting TMTG’s previous token concepts

The present wave of hypothesis has been publicly rejected, however follows earlier reviews that Trump’s media was exploring methods to monetize digital platforms.

TMTG CEO and Chairman Devin Nunes beforehand talked about a digital rewards program that features tokens launched inside Reality+ Digital Pockets.

These concepts got here to the inner starting stage, however didn’t transfer to public developments or bulletins.

Nonetheless, lingering reminiscences of the proposal have resurfaced in present hypothesis, including gasoline to on-line boards discussing DJT-related meme cash.

The ticker “$DJT” itself (used primarily for TMTG shares) has additional sophisticated the problem.

As a result of the X profile comprises a greenback signature ticker, customers have found that Reality Social’s X account comprises “$DJT” in its deal with.

This isn’t a listing of blockchains, but it surely was interpreted by some as a crypto ticker.