The unveiling of the “Official $TRUMP Wallet” has caused a wave of confusion and drama, with the Trump family stepping in to say they had zero involvement. The wallet, launched by the crew behind the TRUMP memecoin in partnership with NFT marketplace Magic Eden, was hyped up like it was part of Donald Trump’s growing digital brand. But that narrative didn’t last long.
Not long after it went live, Trump’s sons took to social media to shut it down, saying flat-out that neither they had anything to do with it. That completely clashed with how the wallet was being pitched, and now people are seriously questioning whether it was ever cleared by anyone close to Trump at all.
Family Members Denounce Unauthorized Wallet Launch
On June 3, Magic Eden and the TRUMP token team announced the impending launch of the “Official $TRUMP Wallet,” branding it as an authorized product associated with President Trump. The wallet’s website described it as the “Official $TRUMP Wallet by President Trump” and indicated a partnership with GetTrumpMemes.com. Ownership of the website was traced to CIC Digital LLC, which is affiliated with the Trump Organization and holds a majority of the TRUMP token supply.
Even with all the hype around it, Donald Trump Jr. jumped on social media to shut it down, saying the Trump family had nothing to do with the wallet. He made it clear the Trump Organization “has zero involvement with this wallet product” and added that he didn’t even know it existed until it went public. He also mentioned that their own crypto venture, World Liberty Financial, is planning to drop an official wallet sometime down the line.
Eric Trump backed up his brother’s comments, telling Magic Eden to “be extremely careful using our name in a project that hasn’t been approved and nobody in our organization knows about.” Even Barron Trump, who’s usually silent online, chimed in—denying any family link to the wallet in what turned out to be his first-ever post on X.
Confusion and Chaos of the Wallet Launch
All the back-and-forth has left the crypto space seriously confused. Known crypto critic Molly White called the whole thing “absolute chaos,” hinting that there’s a lack of coordination between the different Trump-affiliated crypto projects. So far, neither Magic Eden nor the team behind the TRUMP token has said anything publicly in response to the Trump family’s pushback.
This isn’t the first time there’s been confusion around Trump-linked crypto moves. Not long ago, Trump Media and Technology Group denied reports about a $3 billion Bitcoin play—then turned around and confirmed a $2.5 billion raise the very next day. Stuff like this has only added to the doubts about how these Trump-branded digital projects are being run and who’s actually calling the shots.
The drop of this unofficial wallet has kicked off a bigger convo about how the Trump name is getting tossed around in the fast-moving crypto world. With everything still up in the air, people in the space—especially investors—should tread carefully and make sure they know what they’re getting into before trusting anything that claims to be tied to the Trump brand.
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