Trump Media Unveils Utility Token & Truth Wallet to Drive Platform Growth

Trump Media & Technology Group (TMTG) is launching a utility token and a new digital wallet called Truth, spearheaded by CEO Devin Nunes. The announcement was made public on April 29, 2025. TMTG plans to allocate up to $250 million from its reserves to fuel these initiatives. The move follows a period of market volatility for similar utility tokens following a recent surge in interest related to media platforms and cryptocurrencies.