Recently, in response to rumors that Trump’s Social media platform Truth Social was involved in the issuance of meme coins, Truth Social officially issued a statement to refute them.
Previously, meme coins related to TRUMP, such as the $TRUMP coin, emerged in the market, attracting widespread attention and heated discussions. The issuance and trading of these meme coins have caused fluctuations in the cryptocurrency market and also put Trump in the spotlight of public opinion. Against this backdrop, rumors about Truth Social’s involvement spread like wildfire.
Truth Social clearly stated that the platform has not participated in any token issuance activities, emphasizing that the platform focuses on providing users with services for social communication and information dissemination, and has no connection with the issuance and promotion of cryptocurrencies. This statement aims to eliminate market misunderstandings and safeguard the reputation and image of the platform.
After the release of this statement, to a certain extent, it alleviated the market’s speculation and concerns about the relationship between Truth Social and meme coins, and also enabled investors and the public to have a clearer understanding of the platform’s business scope.
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