{"id":1962,"date":"2025-06-04T08:07:11","date_gmt":"2025-06-04T08:07:11","guid":{"rendered":"https:\/\/bitunikey.com\/news\/trump-family-denies-involvement-in-new-wallet-launch\/"},"modified":"2025-06-04T08:07:12","modified_gmt":"2025-06-04T08:07:12","slug":"trump-family-denies-involvement-in-new-wallet-launch","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/trump-family-denies-involvement-in-new-wallet-launch\/","title":{"rendered":"Trump family denies involvement in new wallet launch"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">A new venture linked to the Donald Trump crypto brand has spiraled into public drama as the family moves to distance itself from the project.<\/p>\n<p>Since adopting his self-acclaimed \u2018crypto president\u2019 title, Donald Trump and his family have ventured into the industry with bold business initiatives. Not ones to shy away from leveraging trends, several ventures from NFT collections to token launches have been linked to the Trump name, including a recently debuted DeFi platform, World Liberty Financial.\u00a0<\/p>\n<p>But the latest project claiming Trump family ties has sparked a public fallout.<\/p>\n<h2 class=\"wp-block-heading\">Drama ensues as Trump boys disown Wallet<\/h2>\n<p>On June 3, Magic Eden and the team behind the Trump-themed meme coin ($TRUMP) announced the launch of a crypto wallet branded as \u201cThe Official $TRUMP Wallet. Labeled as \u201cthe first and only crypto wallet for true Trump fans,\u201d the project was branded as the latest addition to the president\u2019s crypto brand initiatives.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>However, things took a turn just hours later, when the Trump family responded with firm denials. According to Donald Trump Jr, the family has \u201czero involvement\u201d with the wallet.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This project is not authorized by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Trump?ref_src=twsrc%5Etfw\" target=\"_blank\">@Trump<\/a>. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/MagicEden?ref_src=twsrc%5Etfw\" target=\"_blank\">@MagicEden<\/a> I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/OovJGvGOkO\" target=\"_blank\">https:\/\/t.co\/OovJGvGOkO<\/a><\/p>\n<p>\u2014 Eric Trump (@EricTrump) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/EricTrump\/status\/1930014390280966434?ref_src=twsrc%5Etfw\" target=\"_blank\">June 3, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Eric Trump echoed his brother\u2019s sentiment, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/erictrump\/status\/1929966635445576103?s=46\" target=\"_blank\">stressing<\/a> that the project is not authorized by the family. The brothers condemned Magic Eden for using the brand name for the launch, asserting that the project is entirely unaffiliated with them.<\/p>\n<p>Despite the backlash, Magic Eden appeared unfazed. Roughly two hours after Eric Trump\u2019s public statement, the platform doubled down on its position, reaffirming the project\u2019s legitimacy in a separate X post: \u201cYes it\u2019s real,\u201d they <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/magiceden\/status\/1930011587257217323?s=46\" target=\"_blank\">said<\/a>.<\/p>\n<p>While Trump Jr. however hinted at an official wallet in the works, the debacle once again casts doubt on the coherence and credibility of the Trump crypto brand. Skeptics question whether these ventures are genuine projects or opportunistic cash-ins, particularly given the family\u2019s history of leveraging trends for personal gain.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new venture linked to the Donald Trump crypto brand has spiraled into public drama as the family moves to distance itself from the project. Since adopting his self-acclaimed \u2018crypto&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1962"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1962\/revisions"}],"predecessor-version":[{"id":1964,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1962\/revisions\/1964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1963"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}