Shocking Chaos: Trump Memecoin Wallet Launch Disavowed by Family Organization
A significant announcement in the world of Trump crypto has quickly devolved into confusion. The planned launch of an ‘Official $TRUMP Wallet’ by the team behind the Trump memecoin and NFT marketplace Magic Eden has hit a major roadblock, as members of the Trump family organization publicly distanced themselves from the project.
Confusion Surrounds the Official Trump Crypto Wallet
The announcement on June 3rd detailed a partnership between Magic Eden and the team behind the Official Trump (TRUMP) memecoin to release a new crypto wallet. However, this news was met with immediate pushback from within the Trump family.
Donald Trump Jr. stated clearly that the Trump Organization, which manages the family’s extensive business holdings, has “zero involvement” with this specific wallet product. He added that he knew “nothing about it” and highlighted that the family’s own crypto platform, World Liberty Financial, plans to launch its official wallet soon.
Eric Trump echoed this sentiment, warning Magic Eden to be “extremely careful using our name” for a project not approved by the family. Even Barron Trump made his first public statement on X to confirm the family’s lack of involvement.
Crypto commentator Molly White described the situation as “absolute chaos,” suggesting a clear communication breakdown among various entities associated with Trump’s crypto ventures.
Who is Behind the Trump Memecoin and Wallet Announcement?
Despite the family’s statements, the website for the proposed Trump Wallet claims it is the “Official $TRUMP Wallet by President Trump” and notes the partnership with Magic Eden and GetTrumpMemes.com. This website is owned by Fight Fight Fight LLC.
Fight Fight Fight LLC is co-owned by CIC Digital LLC, a company linked to the Trump Organization. These two firms collectively hold a significant majority of the TRUMP token supply. Bill Zanker, an American businessman involved in launching the TRUMP memecoin and various Trump NFTs, is listed in documents for Fight Fight Fight LLC and also holds substantial TRUMP tokens through CIC Digital.
The teams behind the TRUMP token and Magic Eden, including Magic Eden CEO Jack Lu, have not yet issued a public response to the Trump family’s disavowals.
Not the First Instance of Trump Crypto Confusion
This isn’t the first time there has been public confusion regarding crypto projects bearing the Trump name. Trump Media and Technology Group, the company behind Truth Social, initially denied reports of a large capital raise partly intended to purchase Bitcoin. They later confirmed a substantial raise that would indeed include buying Bitcoin and other crypto assets.
These events highlight potential complexities and communication challenges within the various business and political entities associated with Donald Trump’s growing involvement in the cryptocurrency space.
In summary, the announced launch of an ‘Official $TRUMP Wallet’ by the Trump memecoin team and Magic Eden has been complicated by the Trump family’s public statements of non-involvement, leading to significant confusion about the project’s true affiliation and future.
