The announcement of a cryptocurrency wallet branded #trump has been described as "absolute chaos," as a company linked to the Trumps said it would launch a wallet, but the sons of U.S. President Donald Trump distanced the family from such an event.

The non-fungible token marketplace Magic Eden and the team behind the president's memecoin, Official Trump (TRUMP), both said on June 3 that they would join forces to launch "the official $TRUMP wallet."

However, Donald Trump Jr. stated that the Trump Organization, which oversees Trump's extensive real estate and business interests, "has no relation to this wallet product" and that "knows nothing about it."

He added that the family's cryptocurrency platform, World Liberty Financial, "will soon launch our official wallet." $TRUMP #TrumpCrypto