TRUMP Wallet Launch Faces Backlash from Trump Family

Cryptos: 21,330
Exchanges: 1,863
Market Cap: $3.19T 3.47%
24h Vol: $200,129,331,705 17.45%
Dominance: BTC: 63.7% ETH: 9.2%
Gas: 1 GWEI

Connect

Crypto News Wallets

'The Official TRUMP Wallet' Launch Faces Backlash from Trump Family

Written by Aaron S.,

Editor-In-Chief

Last Updated: June 04, 2025

Key Takeaways

Magic Eden and the TRUMP token team announced a new crypto wallet, but the Trump family says they are not involved;
Donald Jr., Eric, and Barron Trump all denied approving or knowing about the crypto wallet project;
Despite the Trump family pushback, the crypto wallet’s website is still live and claims official branding.

Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now ! 🔥

'The Official TRUMP Wallet' Launch Faces Backlash from Trump Family

BITDEGREE IN YOUR SOCIAL FEED

A new crypto wallet tied to the TRUMP meme coin has led to confusion, with people close to President Donald Trump saying they have nothing to do with it.

On June 3, non-fungible token (NFT) marketplace Magic Eden and the team behind the Official Trump token announced a new product called "the Official TRUMP Wallet".

They said it would be the next step in their ongoing partnership. However, President Trump’s sons denied any link to the project.

Crypto Research Fundamentals: How to DYOR (Animated Explainer)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

Donald Trump Jr. said the Trump Organization is not connected to the wallet and that he personally had no knowledge of it. He also noted that the family’s own crypto company, World Liberty Financial, plans to launch its own wallet soon.

Eric Trump stated that the wallet had not been approved and warned Magic Eden against using the Trump name without permission. He clarified that no one in their business had heard of the project before the announcement.

Even Barron Trump, who had not posted publicly on X, confirmed that the family was not involved in the wallet and distanced himself from the launch.

Neither Magic Eden nor the TRUMP token team has made any new statements. The crypto wallet’s website remains online.

It describes the product as the "Official TRUMP Wallet by President Trump" and says it is a result of a partnership between Magic Eden and GetTrumpMemes.com.

Meanwhile, on May 22, President Trump hosted a private dinner for 220 top TRUMP token holders. How did the event go? Read the full story.