Confusion Grows Over Launch of ‘Official’ $TRUMP Crypto Wallet
A newly released cryptocurrency wallet carrying President Donald Trump’s name has stirred confusion, after members of his family publicly denied being involved with it. The product, named the “Official $TRUMP Wallet,” was unveiled earlier this week by a group of crypto companies but was quickly disowned by Trump’s sons.
The wallet was developed through a partnership between crypto marketplace Magic Eden and GetTrumpMemes.com, the team behind the Trump-themed $TRUMP coin. According to Magic Eden’s chief executive, Jack Lu, the wallet is intended for users to trade the $TRUMP token and other cryptocurrencies. The wallet was promoted online as a digital gateway for Trump supporters interested in crypto.
Shortly after the announcement, however, Trump’s family moved to distance themselves from the project.
Image 1: Trump Family Denies Link to New Crypto Wallet (Source: Bitcoin Magazine)
Sons Reject Connection to Wallet
Eric Trump, who is involved in overseeing crypto-related business tied to the Trump brand, said he had no prior awareness of the wallet or its launch. Donald Trump Jr. also stated that he had no role in developing the app and added that a separate wallet is being worked on under World Liberty Financial, a Trump-affiliated digital asset firm
The denials were issued not long after Magic Eden’s public statements promoting the new wallet. The family’s response created uncertainty about who authorised the use of the Trump name and whether the product has any direct endorsement from the president or his immediate circle.
Barron Trump also commented on the situation, stating that none of the Trump family had involvement in the wallet’s creation. It was his first-ever message shared publicly on X, the platform previously known as Twitter.
The Trump Organization has zero involvement with this wallet product. @EricTrump and I know nothing about it. Stay tuned—World Liberty Financial @worldlibertyfi, which we have been working tirelessly on, will be launching our official wallet soon. https://t.co/h1wO7dy6AX
— Donald Trump Jr. (@DonaldJTrumpJr) June 3, 2025
Corporate Links Behind the Wallet
Despite the family’s objections, there are clear business ties linking the project to Trump’s broader business network. GetTrumpMemes.com is operated by Fight Fight Fight LLC, a company jointly owned with CIC Digital LLC — an entity connected to the Trump Organisation. These companies hold the majority of the $TRUMP coin supply.
Bill Zanker, a long-time Trump associate, is a key figure in Fight Fight Fight LLC. Zanker has worked with the Trump family on a number of digital ventures, including Trump-branded NFT collections. He is also involved in developing a crypto-based game inspired by Monopoly, which blends blockchain technology with casual gameplay.
I run @Trump and I know nothing about this project! @worldlibertyfi $Trump @AmericanBTC https://t.co/AnlQAKDcqf
— Eric Trump (@EricTrump) June 3, 2025
While the $TRUMP Wallet website presents it as an official product by President Trump, there has been no direct confirmation from him or his sons that they supported or approved the project. The site currently invites people to join a waiting list and enter a prize draw offering $1 million worth of $TRUMP tokens.
Following the mixed messaging, the @TrumpWalletApp social media account was suspended by X. The platform, owned by Elon Musk, has not released any reason for the suspension.
Image 2: (Source: X)
Trump’s Growing Crypto Footprint
President Trump and his family have stepped deeper into the world of cryptocurrency in recent months. After initially expressing doubt about the digital space, they have since launched or become involved in several ventures. These include the $TRUMP meme coin, a bitcoin mining firm, a stablecoin project, and a digital asset reserve.
Donald Trump Jr. has explained publicly that the family turned to crypto after being cut off from traditional financial services. He said that after entering politics, banks were no longer willing to work with them, leading them to pursue blockchain-based finance options.
Despite the latest confusion over the $TRUMP Wallet, interest in the Trump-themed coin remains strong. The coin’s value dipped slightly over the past 24 hours, but trading volume rose more than 70%, suggesting continued enthusiasm from investors and supporters.
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There has been similar confusion in the past involving crypto efforts linked to the Trump name. Last month, Trump Media and Technology Group — the company behind the president’s Truth Social platform — initially rejected claims that it was planning to raise billions to purchase Bitcoin. However, the next day it confirmed a $2.5 billion fundraising plan, including $1.5 billion in stock sales and $1 billion in secured bonds.
