Trump Jr. Denies Involvement in Launch of $TRUMP Crypto Wallet

2 mins mins

Key Points:

The Trump Organization disavows ties to Magic Eden’s $TRUMP Wallet.
Wallet supports multiple cryptocurrencies, not yet live.
Marketplace Magic Eden sees token surge after collaboration news.

Donald Trump Jr., co-founder of World Liberty Financial, declared that neither he, Eric Trump, nor the Trump Organization is linked to the $TRUMP Wallet, developed by Magic Eden and TRUMP Meme.

His statement clarifies previous website claims, highlighting ongoing interest and confusion within the cryptocurrency community around notable affiliations and partnerships.

Trump Denial Sparks Clarity on $TRUMP Wallet Release

The launch of the TRUMP cryptocurrency wallet by Magic Eden and TRUMP Meme, absent of Trump Organization involvement, has raised awareness in the crypto community. Donald Trump Jr.’s statement dispelling affiliation was a critical move to clarify organizational presence.

The wallet supports prominent cryptocurrencies like BTC, ETH, SOL, XRP, Cardano, and its own $TRUMP token. The announcement spurred market interest in related tokens, despite initial misconceptions about Trump’s direct engagement. Magic Eden confirmed their role, increasing attention and token activities.

“The Trump Organization has no affiliation with this wallet product (developed in collaboration between Magic Eden and TRUMP Meme). Eric Trump and I have no knowledge of this. Please stay tuned – our World Liberty Financial, which we have been working hard on, will soon launch our official wallet.” — Donald Trump Jr., Co-Founder, World Liberty Financial (WLFI), stated.

Magic Eden Token Surges 29% Amid Clarification

Did you know? The cryptocurrency market often reacts significantly to news related to political figures, reflecting the intertwined nature of politics and finance.

Official Trump, symbol TRUMP, priced at $11.44, holds a market cap of $2.29 billion with 0.07% dominance, per CoinMarketCap. Trading volume reached $561.13 million, up 156.58%, with a 24-hour price gain of 2.40%. Current stats reveal volatility with mixed performance over short to mid-term periods.

official-trump-daily-chart-53 — OFFICIAL TRUMP(TRUMP), daily chart, screenshot on CoinMarketCap at 18:53 UTC on June 3, 2025. *Source: CoinMarketCap*

The Coincu research team notes potential volatility and speculative trading patterns linked to politically affiliated cryptocurrencies, suggesting cautious monitoring as regulatory attitudes towards such assets evolve. Investors remain vigilant, understanding the inherent risks and potential for market corrections.