Eric Trump has declined reports of a new Trump-branded cryptocurrency. The speculations on TRUMP and MELANIA tokens posted double-digit gains within 24 hours.
Also, Trump declined the speculations on X, claiming no new cryptocurrency was being promoted. His statement pursued dismiss speculation influenced by social media posts.
Speculations on TRUMP Coins
The speculation began with a Whale Scan post claiming Trump launched a new coin amid there’s no official confirmation on the claim’s credibility.
Another X post made unverified claims about a Robinhood Chain wallet receiving 290 ETH and being associated with Truth Coin contacts. However, no wallet address or enough proof of ownership was provided, leaving the claims unproven.
These posts on X influenced speculations on Trump coin launch and uncertain Robinhood Chain activity, but neither delivered official confirmation from Donald Trump, Robinhood, or a known token issuer.
TRUMP and MELANIA Coins Increase
TRUMP coin increased by about 37.9% within 24 hours to $2.47m trading between $1.79 and $3.60.
Meanwhile, MELANIA coin also accumulated, increasing 18.4% to $0.1112, with a 24-hour trading range between $0.09085 to $0.1614.
Furthermore, both coins had declined from their 24-hour surge. The decline followed reports that TRUMP wallets shifted approximately $6.2 million in tokens to OKX. The coin declined 33% from its local high.
Trump-linked wallet transfers 2.62 million TRUMP coins of roughly $6.21 million to OKX. While the transfer does not confirm liquidity, it increased issues among traders during the previous price surges.
The initiative added uncertainty for traders and possible selling pressure increased amid uncleared launch rumors.
Trump Denial Dampens Interest
The crypto market is still unclear amid the speculation, with limited confirmed trading activity recommending investor caution. Eric Trump’s denial has also dampened interest in politically associated with speculative assets.
The Trump family’s high profile strengthen interest in speculations of a family-linked cryptocurrency. However, Eric Trump’s denial verified the family’s place and could curb investor interest in politically themed crypto business.
TRUMP Coin Future Still Uncertain
Eric Trump’s denial reflected the speculations, noting that “no one is launching any type of coin.” At present, a new Trump-supported cryptocurrency shows uncertain.
Traders should monitor advancements on politically themed cryptocurrencies nearly, as speculations can accelerate fluctuating market sentiment. Eric Trump’s noted that both opportunities and risk, develop further advancements important for the wider crypto market.
