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Trump memecoin wallet in ‘absolute chaos’ as family org unaware of launch

cryptoweekly by cryptoweekly
June 4, 2025
in bitcoin, News
0

The announcement of a Donald Trump-branded crypto wallet from the team behind his memecoin has been muddled after the president’s sons disavowed it.

The announcement of a Trump-branded crypto wallet has been labelled “absolute chaos” as a business linked to the Trumps said it would launch a wallet only to have US President Donald Trump’s sons distance themselves from it.

The non-fungible token marketplace Magic Eden and the team behind the president’s memecoin, Official Trump (TRUMP), both said on June 3 that they were linking up to launch “the Official $TRUMP Wallet.”

However, Donald Trump Jr. said that the Trump Organization, which oversees Trump’s sprawling real estate and business interests, “has zero involvement with this wallet product” and that he knows “nothing about it.”

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  • MoonPay launches Solana staking as investor demand for onchain yield grows
  • Trump's AI plan eases data center rules, strips federal DEI guidelines
  • XRP threatens drop to $3: Will bulls step in to buy the dip?
  • WisdomTree’s USDW stablecoin to pay dividends on tokenized assets
  • SOL news update: Solana treasury building activates rally toward $240
  • ETH news update: Can SharpLink Gaming, BitMine treasuries send Ether to $4K?
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