Trump Coin Rumor: Bought Robinhood Stock in June, Son Denies Coin Issuance

BlockBeats News, August 23, Recently, there have been rumors in the market about the upcoming launch of a new token by U.S. President Trump, including claims that a new Robinhood Chain wallet received 290 ETH and interacted with the "Truth Coin" contract. However, no information has been provided regarding the wallet address, owner verification, official contract, or project announcement.

Trump's son Eric Trump later explicitly denied the rumors, stating, "This is simply a joke, the news is completely false. No one is planning to launch any type of token, and anyone suggesting otherwise is engaged in fraud." As of now, neither the Trump family nor Robinhood has announced the issuance of any related token.

It is worth noting that documents disclosed by the U.S. Office of Government Ethics revealed that a portfolio under Trump's name had purchased Robinhood (HOOD) stock on June 3 ranging in value from $1,001 to $15,000. HOOD had a closing price of $82.85 on that day and closed at $108.13 on August 21, representing an increase of approximately 30.5%. If the position is still held in full at the approximate closing price of that day, the unrealized gains would be around $305 to $4,577, but the actual transaction price and subsequent holding status have not been disclosed.