Eric Trump Denies New Coin Rumor After $TRUMP Doubles
OFFICIAL TRUMP ($TRUMP), a meme token built around U.S. President Donald Trump’s brand, was launched in January 2025 and has remained highly sensitive to political attention and social-media speculation. Unlike assets valued on cash flow, meme coins trade largely on sentiment and perceived endorsement. That makes authentication especially important: unauthorized projects have previously invoked the Trump name, leaving investors exposed to fake contracts, impersonation and abrupt price swings.
On Aug. 22, 2026, X account WhaleScan said Trump was preparing to issue another coin, without citing an official announcement. $TRUMP jumped from about $1.70 to $3.70 in four hours, a gain of more than 100%, before retreating to roughly $2.50. Eric Trump responded on X the same day, saying no one was launching any coin and calling suggestions otherwise fraudulent. The denial undercut the rumor and highlighted the risks of trading on unverified social-media claims.
All Coverage
1 original reportsThe Backstory
The history behind this eventTrump’s Official Memecoin Holders Lose More Than $3.8 Billion
Trump launched his official TRUMP memecoin on January 17, 2025, three days before his second inauguration. Such tokens have little practical utility and rely heavily on celebrity exposure for their value. A sitting US president issuing one under his personal brand has also raised concerns over investment risks, conflicts of interest and the disparity in returns between retail investors and large early holders.
A recent report from blockchain analytics firm Nansen showed that, as of the end of June 2026, 988,905 of roughly 1.48 million buyer wallets — about two-thirds — were in the red, with combined losses of $3.81 billion. Fewer than 500,000 profitable holders earned a combined $4 billion, highlighting a divide in which a small group of early buyers reaped outsized gains while most retail investors absorbed losses as the token’s price fell.
Subscribe to Mark Radar Weekly
Every Friday, the week's strongest signals in your inbox. Unsubscribe anytime.
If you search news on Google, you can set Mark Radar as a preferred source—our coverage will show up more often in your results. Set as preferred source on Google →