Eric Trump publicly denied rumors that the Trump family is preparing to launch a new cryptocurrency, calling the claims "absolutely not true" and warning that promoters were committing fraud. The denial came on August 22, 2026, after crypto-focused social media accounts, including @SolanaFloor and @WhaleScan, circulated speculation about a potential Trump family token.
In a post on X, Eric Trump wrote: "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." He emphasized that neither he nor his father, President Donald Trump, is preparing to issue another token. The rumor did not include a token name, company details, or regulatory filing.
The speculation follows the previous launches of the $TRUMP and $MELANIA tokens, which attracted significant attention from political meme coin traders. Eric Trump is also associated with World Liberty Financial, a decentralized finance project launched in 2024, and the Trump family has ties to American Bitcoin, a venture focused on Bitcoin mining.
Broader crypto market conditions remain uncertain, with mixed momentum across digital assets and cautious investor engagement. The absence of confirmed trading volume around a new Trump-linked token reflects the speculative nature of the rumor and the market's wait-and-see approach.
