A new twist has emerged in the world of political memecoins and NFTs. Magic Eden, a well-known multichain NFT platform, has announced the launch of the TRUMP Wallet—but not everyone is on board.
🔐 The Launch That Sparked the Fire
Magic Eden unveiled the TRUMP Wallet in partnership with GetTrumpMemes.com, promoting it as the "Official Wallet" tied to the President’s memecoin project. Their website boldly claims:
“Yes! This is the Official TRUMP Wallet by President... Have Fun!”
However, not long after launch, members of the Trump family publicly denied any connection to the wallet.
📢 Trump Family Pushes Back
Donald Trump Jr. posted a clear statement on X (formerly Twitter):
“The organization has zero involvement with this product.”
He confirmed that their own initiative, World Liberty Financial (WLF), will be launching an official product soon.
His brother, Eric Trump, echoed the sentiment:
“I run and I know nothing about this project!”
🧩 Too Many Trump Projects?
It’s getting crowded in Trump-linked crypto territory. With:
Magic Eden’s TRUMP Wallet,
World Liberty Financial’s upcoming launch,
Trump Media’s prior filings for digital assets via Truth Social,
The lines are blurring between official and unofficial ventures. Even veteran crypto users are scratching their heads.
🗣️ Magic Eden Responds
Jack Lu, CEO of Magic Eden, said the wallet aims to simplify multi-chain trading and make digital assets more accessible:
“Users will be able to not only trade the majors… but also discover new assets on every major chain.”
But despite the platform’s push, the Trump family remains firm: WLF is the only project they’re backing.
🧠 Crypto Criticism Grows
The President's increasing presence in crypto hasn’t gone unnoticed. He recently attended a private dinner with top holders of his memecoin—sparking criticism and conflict of interest concerns, especially with controversial figure Justin Sun reportedly being among the top holders.
Journalist Molly White first reported the existence of the TRUMP Wallet website, raising red flags across the crypto community.
📉 Market Reaction
The controversy has already impacted markets. The price of the Trump memecoin dropped 0.46% in 24 hours, falling to $11.18, with a total market cap now hovering around $2.23 billion.
🎯 Bottom Line:
As multiple Trump-themed crypto projects surface, the community is watching closely to see who takes the lead—and who’s really behind these wallets.
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