Nikolas Sargeant
A recent announcement of a Trump-branded crypto wallet has led to confusion and controversy, as members of the Trump family publicly distanced themselves from the project. The wallet, named the "Official $TRUMP Wallet," was introduced by the team behind the $TRUMP memecoin and the NFT marketplace Magic Eden.
With Billions of Trump fans around the world, the $TRUMP mission has always been to make it super easy for Trump supporters to get into crypto and join the $TRUMP community.
— TrumpMeme (@GetTrumpMemes) June 3, 2025
The $TRUMP Wallet powered by @magiceden is coming soon. Join the $TRUMP community!… pic.twitter.com/7nIubWIdqw
However, Donald Trump Jr. stated that the Trump Organization had "zero involvement" with the wallet and was unaware of its launch. Eric Trump echoed these sentiments, cautioning Magic Eden to be "extremely careful" using the Trump name without authorization. Even Barron Trump made his first-ever public post to clarify the family's lack of involvement.
To be clear, our family has zero involvement with this wallet. https://t.co/5NE6cZZQlO
— Barron X Spaces (@BarronXSpaces) June 3, 2025
The wallet's introduction has been labeled "absolute chaos" by crypto observers, who speculate that there may be a breakdown in communication between various Trump-affiliated entities. The project is linked to Fight Fight Fight LLC, co-owned by CIC Digital LLC, a company affiliated with the Trump Organization. These entities also hold a majority of the $TRUMP token supply, raising questions about the project's legitimacy and the family's role in its development.
This incident is not the first time a Trump-related crypto venture has faced scrutiny. Earlier this year, the $TRUMP memecoin experienced a meteoric rise, attracting both retail investors and regulatory attention. The launch of the memecoin and its associated projects has led to investigations into potential conflicts of interest and market manipulation, further complicating the Trump family's involvement in the cryptocurrency space.
As the situation unfolds, the Trump family's public disavowal of the wallet raises questions about the oversight and management of their various business ventures. The lack of clear communication and coordination among the entities involved has left investors and the public seeking clarity on the family's true involvement in the cryptocurrency projects bearing their name.
