- The launch of a Trump-branded crypto wallet has caused major confusion, as Trump’s sons and the Trump Organization publicly disavowed any involvement.
- Despite claims of legitimacy by the wallet’s creators, the Trump family insists their official crypto platform is launching a separate wallet soon.
The rollout of a Donald Trump-branded crypto wallet has descended into confusion, controversy, and outright denial — all within hours of its announcement. Touted as “the Official $TRUMP Wallet” by the team behind the Trump memecoin and NFT platform Magic Eden, the project was publicly disowned by the Trump family, sending the crypto world into a frenzy.
On June 3, Magic Eden and the creators of the Official Trump (TRUMP) token announced a new wallet in partnership with GetTrumpMemes.com. However, that excitement was short-lived. Donald Trump Jr. quickly distanced the Trump Organization from the product, stating, “We have zero involvement with this wallet product,” and revealed that the family’s actual crypto platform, World Liberty Financial, is working on their own wallet.
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Eric Trump echoed his brother’s warning, saying the wallet is “not authorized by Trump” and urged Magic Eden to “be extremely careful using our name in a project that has not been approved.” In a rare move, Trump’s youngest son, Barron Trump, even broke his silence on X to clarify that the family had “zero involvement with this wallet.”
Crypto watchdog and skeptic Molly White described the situation as “absolute chaos,” suggesting major miscommunication between the entities controlling the Trump-themed crypto ventures.
Interestingly, the wallet website claims legitimacy, listing it as the “Official $TRUMP Wallet by President Trump,” citing a collaboration between Magic Eden and GetTrumpMemes.com. The latter is owned by Fight Fight Fight LLC — a company co-owned by CIC Digital LLC, which is connected to the Trump Organization. Businessman Bill Zanker, a key figure behind Trump’s past crypto efforts and NFT drops, is also tied to the venture.
This isn’t the first crypto controversy involving the Trump brand. Just last month, Trump Media and Technology Group denied a report about raising $3 billion for crypto investment, only to confirm a $2.5 billion raise the following day.
As the Trump crypto empire splinters into competing factions, one thing is clear — the chaos surrounding the “Official Wallet” is far from over.