TRUMP Token Jumps 38% as Eric Trump Denies New Coin Launch

Rumors of a new Trump family cryptocurrency have been officially shut down. Eric Trump took to social media on Saturday to set the record straight, calling claims of an upcoming token launch completely fraudulent.

The drama started when speculation began circulating about an official digital asset linked to the former first family. Eric Trump quickly put out the fire on X, writing that the claims are a joke and absolutely not true, adding that no one from the family is launching any kind of coin.

Interestingly, the denial did not hurt the market for existing politically themed tokens. In fact, it had the opposite effect. The popular TRUMP memecoin jumped 38% over a 24 hour period, while the MELANIA token also posted impressive double digit gains.

Traders should keep a close eye on these political memecoins as election season heats up. Rumors can cause massive price swings in minutes, making it essential to stick to official channels before making any market moves.