TLDR:
- Announcement: Magic Eden, on June 04, 2025, released an announcement regarding that it has teamed up with the TRUMP memecoin in order to develop an official crypto wallet and launched an early sign-up and an early-users and refer a $1 million TRUMP reward pool.
- Controversy: Despite the wallet news, Donald Trump Jr. and Eric Trump claimed not to know anything about the TRUMP wallet, instead promoting a new forthcoming wallet from World Liberty Financial.
The TRUMP memecoin is poised for a significant development with the announcement of an official crypto wallet, a collaboration between Magic Eden and the memecoin project. According to information from Magic Eden’s website, this wallet is marketed as the “official TRUMP digital wallet of U.S. President Donald Trump,” and it has already begun accepting pre-registrations in anticipation of its official launch.
Jack Lu, the founder of Magic Eden, revealed that the TRUMP wallet will not only support major cryptocurrencies like BTC, ETH, SOL, XRP, DOGE, and TRUMP but also accommodate a wide range of assets across multiple blockchains. Additionally, the project has set up a $1 million TRUMP early sign-up and referral reward program to incent users to get in early before the launch of the wallet.
The creation of the wallet stems from a controversial dinner in mid-May, during which the 220 largest holders of TRUMP tokens were invited to have dinner with President Trump, a move criticized as a publicity stunt that ensnared Trump in further crypto-related controversies. The wallet announcement adds another layer to the narrative, especially given the mixed signals from Trump’s family.
Donald Trump Jr. and Eric Trump have publicly distanced themselves from the TRUMP wallet, stating they were unaware of its existence. “The Trump Organization has no association with this digital wallet product. Eric Trump and I were not aware of it,” they asserted. Instead, they pointed to World Liberty Financial, a DeFi project they advise and control, which is set to launch its own crypto wallet. World Liberty Financial has previously made headlines with a $550 million token sale, investments in other tokens, and the recent launch of the USD1 stablecoin in partnership with Binance.
The two independent releases of wallets from Trump-related crypto projects, TRUMP and World Liberty Financial, question the coordination and legitimacy of the project. To date, up to June 04, 2025, the market and community are waiting for more news regarding the updates, with the TRUMP wallet launch having a potential to change the direction of Trump-branded cryptocurrencies, following controversies and denials from Trump’s family.
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