PANews reported on August 9 that according to DL News, Donald Trump Jr. hinted that the Trump family is planning a new blockchain project, saying that the project is "much larger" than simply launching another Meme coin. He emphasized that they are discussing a "very different platform."

Trump Jr. also denied long-standing rumors that the Trump family would launch a meme coin, which has gained widespread attention due to the former president's recent pro-cryptocurrency stance.

Recently, the RTR token, which was promoted under the guise of Trump’s official Meme coin, plummeted 90%, losing $140 million in market value.