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By Helene Braun, AI Boost|Edited by Nikhilesh De
Updated Jun 3, 2025, 7:26 p.m. Published Jun 3, 2025, 7:07 p.m.
- A Trump Organization representative said the group has no knowledge of the $TRUMP Wallet project, even after Magic Eden’s CEO announced the partnership.
- The app’s website says users will be able to trade and hold digital assets and invites them to join a waitlist.
- Trump has previously been linked to crypto projects including memecoins and a stablecoin platform.
A representative of the Trump Organization said the group “knows nothing” about a crypto wallet project called the “$TRUMP Wallet,” despite the app’s branding and claims being tied to the U.S. president.
“The Trump Organization knows nothing about this project,” a spokesperson for the Trump Organization told CoinDesk.
STORY CONTINUES BELOW
The app, according to its sparse but live website, promises users the ability to hold and trade digital assets. It includes no technical documentation or launch timeline but features a waitlist for early access. Magic Eden, the crypto marketplace reportedly involved in the project, had confirmed the project through a post by its CEO Jack Lu on X.
U.S. President Donald Trump has leaned into crypto since reentering the political arena ahead of last year’s election. Past initiatives tied to Trump include World Liberty Financial, a stablecoin venture, and the meme tokens Trump Coin and Melania Coin, both of which launched before his 2025 inauguration.
According to the wallet’s website, Magic Eden is working with GetTrumpMemes.com, the website behind the Trump memecoin.
Donald Trump Jr., one of the president’s children, also said in an X post that the organization has “zero involvement with this wallet product,” but that World Liberty will “soon” launch its own wallet. His youngest son, Barron Trump, also denied the partnership.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
UPDATE (June 8, 19:24 UTC): Adds X post by Barron Trump denying the partnership.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
