NewsBig News: Trump Team Disowns ‘$Trump Wallet’ Project Backed by Magic Eden
Anjali Belgaumkar4 Jun 20252 min read
The crypto world is buzzing over a new project called the Trump Wallet — but it turns out even Donald Trump’s inner circle didn’t see it coming. Within hours of its announcement, the wallet — promoted as a collaboration between the Trump memecoin team and major NFT marketplace Magic Eden — made headlines online. The project promised Trump token rewards, referral-based giveaways, and exclusive digital “Trump boxes.”
Trump Team Issues Statement
However, controversy started when Eric Trump and Donald Trump Jr. publicly denied any involvement, warning users that the Trump Organization had not authorized the wallet. “This project is not authorized by the Trump Organization,” Eric Trump posted. “Magic Eden I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization.” Additionally, A spokesperson for the Trump Organization told CoinDesk: “The Trump Organization knows nothing about this project.”
This public denial raised eyebrows as Magic Eden, a trusted name in the NFT space, confirmed the project’s legitimacy on its official channels. The wallet is reportedly tied to the team behind the Trump memecoin, which previously licensed Trump’s name for their crypto project earlier this year.
Is The Project Secure?
Even as Trump’s representatives distanced themselves, the memecoin’s official X account insisted that the Trump Wallet was “coming soon.”
The confusion shows a growing disconnect between meme coin operators leveraging celebrity brands and the actual figures behind those names. While Magic Eden maintains the project is real and secure, the Trump family’s rejection of any involvement leaves crypto enthusiasts uncertain about its official status.
For now, it appears the Trump memecoin team is moving ahead with the wallet launch despite the public pushback — a classic case of crypto’s Wild West atmosphere colliding with politics.
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- Donald Trump has become pro-crypto, aiming to make the US a global crypto leader. His administration has launched a Strategic Bitcoin Reserve and supports industry growth.
