- Eric Trump has made it clear that the Trump Group has nothing to do with Patriot Token.
- Patriot Token’s social posts urged Trump-related involvement and precipitated confusion.
- President Trump’s household warned customers in opposition to false info and unofficial cryptocurrency claims.
A cryptocurrency undertaking known as Patriot Token ($PATRIOT) precipitated a stir on-line after its social media accounts hinted at exercise associated to Trump-branded actual property. This declare was rapidly taken up by Eric Trump, who publicly denied any connection between the token and the Trump household’s enterprise.
The controversy started when Patriot Token posted to X concerning the alleged work being finished on Trump Doral and hinted at an upcoming announcement that it claimed was vital to the $PATRIOT neighborhood. The submit sparked hypothesis that the undertaking had the backing or involvement of Donald Trump or his enterprise empire.
Eric Trump straight responded to this, saying the Trump Group has “no relationship in anyway” with Patriot Token or the meme cash talked about on-line. Whereas he acknowledged the general public’s curiosity and enthusiasm, he made it clear that neither the corporate nor the Trump household was concerned within the undertaking in any manner.
What Patriot Token Claims
Patriot Token describes itself as a crypto neighborhood constructed across the theme of American patriotism. Its on-line description talks about honoring Donald Trump and mentions plans for a statue in his honor. These claims stem solely from the undertaking’s personal messaging and don’t replicate any official endorsement or partnership.
Primarily based on public market information, $PATRIOT is a small-cap token with a market worth of roughly $3.5 million, a complete provide of 10 billion tokens, and roughly 569,000 holders. The token has seen speedy value fluctuations and spikes in buying and selling quantity, a standard sample for meme cash pushed by social media consideration.
Why is denial vital?
Clear public statements like this are vital within the crypto market, the place mentions of distinguished figures can rapidly affect sentiment and costs. Even oblique references may be deceptive amongst traders.
Supporters stated Eric Trump eliminated ambiguity by being open and utilizing Trump-related photos and language to separate the Trump Group from the personal crypto undertaking.
“Thanks for the clarification, Eric. Transparency like this will defend the Trump model and maintain the MAGA motion sturdy in opposition to opportunists!” one consumer wrote.
In Could 2025, Reality Social denied rumors that it was planning to launch a meme coin after hypothesis unfold on social media. Donald Trump Jr. additionally warned customers to not fall for deceptive claims. Across the similar time, Eric Trump clarified that the Trump Group had no involvement within the cryptocurrency wallets being mentioned and stated he had no data of such merchandise.
Associated: The $500 million secret: Cryptocurrency transactions between the Trump household and the UAE’s ‘spy sheikh’
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