Trump Media & Technology Group (TMTG), the parent company of Truth Social, is reportedly exploring the launch of a utility cryptocurrency token and an accompanying digital wallet.
The proposed token would initially facilitate payments for Truth+ subscriptions, with potential expansion to other services within the Truth Social ecosystem.
This initiative is part of TMTG’s broader strategy to integrate blockchain technology into its platform offerings.
Despite these developments, recent rumors suggesting an imminent launch of a Truth Social-branded memecoin have been firmly denied by the Trump family.
Donald Trump Jr. publicly refuted the claims, stating, “There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating.” Additionally, World Liberty Financial (WLFI), the only DeFi project officially backed by the Trump family, emphasized that no new Trump-related crypto ventures are currently in progress.
The speculation originated from a social media post by crypto influencer Ran Neuner, who suggested that a Truth Social memecoin would launch within 72 hours. However, both TMTG and Trump-affiliated entities have dismissed these claims as unfounded.
It’s important to note that while TMTG is considering the introduction of a utility token for subscription services, there is no confirmed plan to launch a memecoin associated with Truth Social.
The company’s focus remains on enhancing its platform through blockchain integration, rather than engaging in speculative cryptocurrency ventures.
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