In brief
- Trump Media & Technology Group announced plans to potentially launch a utility token and digital wallet tied to its Truth Social social media platform and related services.
- The token would initially be used for Truth+ subscriptions and later for other products in the “Truth ecosphere.”
- President Trump’s official Solana meme coin fell in price following the announcement.
Truth Social, the social media network owned by President Donald Trump’s Trump Media & Technology Group, said in a Tuesday letter to shareholders that it is considering launching a crypto token and wallet around its Truth+ streaming video service.
“As part of a rewards program, we’re exploring the introduction of a utility token within a Truth digital wallet that…
