TREE NEWS reports: Eric Trump denied rumors of a new coin launch, which included an unverified claim about a 290 ETH Robinhood Chain wallet. Despite this, TRUMP token surged 38%, while MELANIA gained 18.4% over 24 hours.
Eric Trump Denies New Coin Launch as TRUMP Jumps 38%
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AI take
The move looks sentiment-driven rather than fundamental: a denial of a new launch coincided with sharp gains in both TRUMP and MELANIA, suggesting the rally was fueled by speculation around the family's crypto ventures rather than any confirmed product. The unverified wallet claim, which Eric Trump rejected, highlights how easily unconfirmed on-chain chatter can move politically branded tokens. The open question is whether these tokens can hold gains without a concrete catalyst, or whether they remain headline-sensitive trades.
Generated by AI for reference only.
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