Eric Trump denies rumors of a new Trump-linked coin

Eric Trump denied that President Donald Trump was preparing to launch a new coin. Eric Trump called the claim fraudulent in an X post. The post drew 2.1 million views. Official Trump launched on Solana on January 17, 2025. The token reached $73.43 within two days. TRUMP later reached a record low of $1.37 on August 13. The token has since climbed about 88%. Melania Meme followed two days after TRUMP. MELANIA now trades at around $0.086. Its market value is $86 million. World Liberty Financial began trading in September 2025. Its governance token trades near $0.06, about 78% below its peak. Nansen tracked about 1.48 million wallets that bought TRUMP. Nansen counted 988,905 wallets with combined losses of $3.81 billion. Nansen data shows that about 85% to more than 95% of held positions remain at a loss. Most of those positions have about 97% in unrealized losses. President Trump reported more than $1.4 billion in crypto income for 2025. His disclosure listed more than $500 million from WLFI sales. The disclosure also listed more than $600 million through CIC Digital. Senate Democrats Elizabeth Warren and Richard Blumenthal have sought investigations into potential national security risks from Trump's crypto ties. A Reuters/Ipsos poll found that 69% of Americans said Trump's business interests shape presidential decisions. Senators face a procedural vote on the CLARITY Act on September 15. One draft provision would bar sitting officials from issuing digital assets.