Following rumors circulating on social media, Truth Social has denied plans to launch a memecoin. The denial was posted by the official Truth Social account, refuting the claims and stating that they are not introducing a cryptocurrency token. This response comes after prominent crypto commentator Ran Neuner, host of Crypto Banter podcast, indicated a potential token launch within the next 72 hours. Trump Media’s social media platform, Truth Social, is owned by Trump Media and Technology Group, where President Donald Trump holds a majority stake. Trump Jr., also on X, refuted the rumors, advising people to be wary of misinformation circulating online. He also highlighted that the rumors originated from Neuner’s claims about a Truth Social token release in the next 72 hours, which he stated is connected to a similar team behind the TRUMP token launch.