Truth Social Officially Clarifies No Plans to Launch Meme Coin
Truth Social Officially Clarifies No Plans to Launch Meme Coin
Truth Social Officially Clarifies No Plans to Launch Meme Coin

Despite Insider Claims, Truth Social Denies Meme Coin Launch

Despite insider claims last night that Truth Social would launch a meme coin within the next 72 hours, the official account denied the rumors today. Truth Social’s official community account posted this morning:

“Contrary to rumors, Truth Social has no plans to launch a meme coin.”

However, the wording of this statement has also raised questions: does Truth Social only deny the “launch of a meme coin,” rather than completely denying plans to issue tokens? This remains to be clarified.

According to a previous letter sent by Trump’s media group to shareholders, Truth Social is indeed considering the launch of a “utility token” as an ecosystem reward tool, which would be integrated into future digital wallets. Therefore, even if the rumors of a “meme coin” are denied, the matter of “issuing tokens” itself may still be in preparation.

Policies
Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.
2 weeks ago
0 13

Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.

Policies
VanEck's Proposed Solana Spot ETF Listed on DTCC Under Code VSOL
2 weeks ago
0 13

VanEck’s Proposed Solana Spot ETF Listed on DTCC Under Code VSOL

Policies
Should We Add or Reduce Positions? ETH Whale Goes Against the Trend with $200 Million Increase, BTC Bulls Forced to Stop Losses After Two Consecutive Pullbacks
2 weeks ago
0 13

Should We Add or Reduce Positions? ETH Whale Goes Against the Trend with $200 Million Increase, BTC Bulls Forced to Stop Losses After Two Consecutive Pullbacks

Policies
JPMorgan to Test Dollar Deposit Token JPMD via Ethereum Layer 2 Network Base
2 weeks ago
0 14

JPMorgan to Test Dollar Deposit Token JPMD via Ethereum Layer 2 Network Base

Policies
The People's Bank of China to Establish an International Operation Center for Digital Currency, Governor Discusses the Impact of Stablecoins on Cross-Border Payments
2 weeks ago
0 93

The People’s Bank of China to Establish an International Operation Center for Digital Currency, Governor Discusses the Impact of Stablecoins on Cross-Border Payments

Policies
Glassnode: Bitcoin Buyers Holding for Less Than a Year Become Major Source of Selling Pressure, While Long-Term Holders Opt to Stand By
3 weeks ago
0 16

Glassnode: Bitcoin Buyers Holding for Less Than a Year Become Major Source of Selling Pressure, While Long-Term Holders Opt to Stand By

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.

Table of Contents Toggle Stablecoin Usage Becomes Increasingly Compliant TRM …