Coin overview
ME
Ended--
Last price (USDT)
2.41M
24h total (USDT)
3.06M
Total vol (USDT)
2024-11-22 12:00:00 ~ 2024-12-10 13:30:00
Trading time (UTC+0)
2024-12-10 15:00:00 ~ 2024-12-10 19:00:00
Delivery time (UTC+0)
Total supply1.00B
Resources
Introduction
$ME is committed to supporting the MagicEden-led cross-chain ecosystem super dapp strategy, mainly focusing on acquiring more users from different public blockchain or other infrastructure, and allowing users to realize one-stop seamless trading of multi-chain assets.
Eric Trump says crypto feud has cooled as World Liberty plans major investment
The fight over a Trump-branded crypto wallet is over, Eric Trump says, as the dispute had roiled the waters of the Trump family’s burgeoning crypto empire. The president’s son said in a post on X on Friday that the company responsible for the Trump meme coin isn’t moving forward with a digital wallet offering that has caused a fissure with World Liberty Financial, the crypto company owned in part by the Trump family. The dispute’s heart was a proposed digital wallet called $TRUMP Wallet. It was being produced by a company called Fight Fight Fight LLC, which Bill Zanker, a longtime Trump friend, owns. This wallet was advertised as the home of the widely popular $TRUMP meme coin launched earlier in the year. However, another Trump-affiliated company, World Liberty Financial (WLFI), opposed the development. WLFI, which members of the Trump family partially own, said the wallet had used Trump’s name without permission. WLFI sent Fight Fight Fight and its tech partner, Magic Eden, a cease-and-desist letter to prevent the wallet from launching, Bloomberg News reported. The issue was revealed in an X post by Eric Trump. He said the wallet is not being pursued, and his family didn’t sign off on its development. “I run @Trump, and I know nothing about this project! He posted. See also SEC wins $1.1M as crypto conman made a no-show in court This public statement went a long way toward putting such rumors to rest that a division had formed within the Trump crypto business network. World Liberty Financial boosts holdings with $TRUMP meme coin With the wallet flap now behind it, World Liberty Financial is pursuing a serious investment in the $TRUMP meme coin, Eric Trump says. He said on X that WLFI intends to purchase a “good amount” of the token. That’s changed from competition to partnership, indicating a closer relationship between WLFI and the token’s creators. Most of the $TRUMP supply, about 80%, is owned by Fight Fight Fight and another Trump-related entity, CIC Digital LLC . Their holdings are worth around $2 billion as of early June, according to CoinMarketCap, the tracking site. Its supporters say the meme coin provides fans with a means to express support for the president and to play a role in the digital economy. Critics say it is a cash cow for Trump insiders. And the demand for the meme coin, although much debated, has been so high that you’d be hard-pressed to find someone close to the Trump orbit who, like the president or not, might be open to a little high-proof sycophancy, who doesn’t want one. Trump crypto ventures spark political backlash The Trump family’s increasing stake in crypto has prompted fresh political concerns. See also BCP Technologies rolls out tGBP, British pound stablecoin with FCA approval Some Democratic lawmakers have alleged that Donald Trump, who calls the shots for the Republicans in the Senate, is employing the crypto vehicle to peddle influence and line his pockets and those of his cronies. They note the family’s hefty holdings in $TRUMP and their ties to numerous crypto firms. These worries intensified when Trump held a private dinner in April for prominent $TRUMP stockholders at Mar-a-Lago. Critics say this may have crossed the ethical boundary, particularly since Trump is the president. The Trump family disputes all allegations of wrongdoing. Eric and Donald Trump Jr. have insisted that they are simply backing projects that excite their base and represent genuine value in the world of cryptos. The family is, meanwhile, expanding its digital finance footprint. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Play Solana Announces Player2 Minting on June 16, Opening in Phases for Multiple Groups
Foresight News reports that Play Solana has announced its new NFT series "Player2" will officially launch minting on June 16, available to the following four groups: Player1 holders, PSG1 pre-purchasers, Application system applicants, and designated whitelist community members. The total supply of "Player2" is 8,000 units. Player1 holders can claim 1 unit for free, and PSG1 pre-purchasers can directly participate in minting. The Application phase will offer two application methods: locking 1 SOL or without locking, with locking increasing the chances of selection. Those not selected can receive a refund on the minting day. The whitelist community will mint on a first-come, first-served basis through Magic Eden. Additionally, both Player1 and Player2 NFTs can earn XP (experience points) at the same rate in the Play Solana game and are eligible for future TGE rewards and PLAY token distribution, with Player1 receiving a higher proportion before TGE. Both can be used as game characters in "Play Solana: Origins" and subsequent works, unlocking rewards.
Pump.fun’s Harsh Truth: Most Users Face Losses
Rumors are swirling in the crypto space that the Solana-based token launchpad Pump.fun is preparing to raise $1 billion through its upcoming PUMP token launch. But the latest on-chain data suggests it may be a tough task to revive its former glory. Rumor Has It: PUMP Token is Coming Speculation is mounting around Solana-based launchpad Pump.fun as community chatter on X hints at a token launch, including an airdrop to community members. Sponsored The rumors gained traction after a Blockworks report cited anonymous sources claiming the memecoin launchpad plans to raise $1 billion through a token sale, with a projected valuation of $4 billion. So far, Pump.fun has neither confirmed nor denied the reports, offering no public details on the token’s utility or distribution mechanics. Data Reveals Deep User Losses While hype builds around the token sale, on-chain data paints a more sobering picture. Insights from Dune Analytics show that over half of all wallets active on the platform have suffered losses. More than half (56.4%) of the addresses that traded more than 10 tokens launched via Pump.fun in the past six months recorded cumulative losses ranging from $0 to $1,000. A small portion of wallets experienced losses over $100,000 and even over $1 million. Pump.fun user wallets’ profit and losses. Source: Dune In contrast, only 21.7% of wallets earned up to $1,000 in profits, with significantly fewer reaching five-figure gains. Just 310 wallets managed to cross the $1 million profit mark, less than 0.01% of all participants. Wallet analysis also revealed behavioral trends: about 10.1% were classified as “Single-Side Buy” wallets, or accounts that only bought but never sold, often linked to inexperienced or trapped traders. Conversely, “Single-Side Sell” wallets, which only sold tokens without buying, made up a much smaller fraction and are likely affiliated with project insiders or token creators. Memecoin Momentum Fades Pump.fun’s financial performance is also showing signs of strain. According to DefiLlama, the platform generated $46.6 million in revenue in May, a 66% drop from its January high of $137 million. Pump.fun revenue continues to drop. Source: Defillama This decline mirrors a broader cooldown in the memecoin sector. Data from CoinMarketCap shows total market capitalization for meme tokens has plunged to $64 billion as of June 4, down more than 54% from January’s $137 billion. Why This Matters With widespread user losses and falling revenues, Pump.fun’s long-term sustainability is under increasing scrutiny. Dig into DailyCoin’s popular crypto news: Chainlink Under Watch: Whale Activity, Bearish Indicators Stir Caution Trump Shuns Magic Eden Crypto Wallet Ties, TRUMP Coin Dips 13% FAQs What is Pump.fun? Pump.fun is a Solana-based token launchpad that allows anyone to instantly create and trade memecoins with minimal effort and no coding skills. It’s known for its viral, gamified interface and fast-paced, speculative trading environment. Is Pump.fun legit? Pump.fun is a real and innovative product. Think of it more like a speculative playground for memecoins than a traditional investment platform. It’s “legit,” but it’s also risky, often unprofitable, and largely unregulated.. How does Pump.fun work? Pump.fun is a user-friendly launchpad focused on fast, permissionless token creation on Solana. While it lowers barriers for token creation, most tokens are highly speculative and short-lived, and outcomes for users can vary widely depending on timing, demand, and broader market conditions.
WLFI Sends Cease-and-Desist Letter to TRUMP Memecoin Creators
World Liberty Financial (WLFI), a company tied closely to Donald Trump’s family, has sent a cease-and-desist letter to Fight Fight Fight, the group behind the popular TRUMP memecoin and the new “TRUMP Wallet.” The letter demands that Fight Fight Fight stop developing the wallet, saying it is unauthorized. According to Bloomberg , Fight Fight Fight is linked to Trump’s longtime friend and promoter Bill Zanker. It recently caused confusion in the crypto space after announcing that it plans to launch the TRUMP Wallet, which would allow users to trade and store memecoins and other digital assets. This wallet is reportedly built with Magic Eden, a digital marketplace, which has also received a cease and desist letter as well from WLFI. The letter accuses both companies of infringing on WLFl’s right in Trump’s crypto brand. Donald Trump Jr. was quick to react to the wallet’s launch on X. He warned the space against the project that it is a “fake Trump wallet” and urged them to take caution. Follow The Crypto Times on Google News to Stay Updated!
Magic Eden price nears all-time low as 15% dip extends downtrend
Magic Eden is down 15% as the price extends the downtrend. The ME token rose sharply before paring all the gains after Trump’s sons distanced the Trump Organization from a new wallet announcement. Magic Eden price could dip to support around $0.78, its all-time low reached in April. Magic Eden (ME) price is down by more than 15% in the last 24 hours as the altcoin extends losses since the sharp downturn from highs of $1.15 on June 3, 2025. ME traded around $0.87 amid ongoing downside pressure after recent wallet-related news drama brought the bears out in full swing. Notably, the declines have the Magic Eden token trending towards its all-time low of $0.78 reached in early April. Data from CoinMarketCap, which also shows a 58% dip in trading volume, suggests the ATL is about 21% off current price levels. Why is the Magic Eden price down today? As noted above, the ME token skyrocketed earlier this week, jumping sharply to hit $1.15 from around $0.8 amid trader excitement. The catalyst for this vertical move, as seen in the chart below, was the announcement of a Trump-branded crypto wallet. The Magic Eden social media post on X shared the “big news”, alluding to a partnership between Magic Eden and GetTrumpMemes.com. The news hinted at “the First and Only Crypto Wallet for True Trump Fans.” BIG NEWS! The Official $TRUMP WALLET is COMING SOON! The First and Only Crypto Wallet for True Trump Fans. Join the FREE waitlist for a chance to get a share of $1 MILLION IN $TRUMP REWARDS! Go to https://t.co/PVCQ6YXQ5v NOW! The $TRUMP Wallet is Powered by @magiceden pic.twitter.com/KA26RzjY6m — Magic Eden 🪄 (@MagicEden) June 3, 2025 Reaction across the crypto space was whether this was legit, with many pointing to what it meant for the TRUMP and ME tokens. But shortly after the Magic Eden team shared the news, Donald Trump Jr. posted a public disclaimer that the Trump Organization was not part of the said TRUMP wallet. The same message came from Eric Trump, President Donald Trump’s other son. Eric cautioned Magic Eden in a post on X: “I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization.” ME token technical outlook Market reaction to the chain of events flipped from positive for ME to negative, with the token dipping below $1. The retracement has continued in the past 24 hours, bringing the Magic Eden token’s value to below $0.9 on June 5. Magic Eden price chart by TradingView While the Magic Eden price could flip higher from current levels, the technical picture supports a bearish move. The RSI on the 4-hour chart is below 50 and indicates a downward move, while the MACD signals bearish strength amid a rising negative histogram. Further downside action, mirroring broader market weakness, sees the ME token poised near $0.87. If price breaks lower, it could fall to the $0.78 support area.
Trump Family-Backed World Liberty Financial Sends Cease-and-Desist to Unauthorized Wallet: Report
A decentralized finance (DeFi) platform backed by the Trump family is reportedly sending a cease and desist order to a firm over an unauthorized crypto wallet. According to a new report by Bloomberg, World Liberty Financial (WLFI) recently sent the letter to Fight Fight Fight LLC, the same company that created the Official Trump ( TRUMP ) memecoin. The report says that the firm and the non-fungible token (NFT) marketplace Magic Eden are collaborating to create an unauthorized crypto wallet featuring Trump’s brand. TrumpWallet.com, the website advertised as the waitlist for the crypto wallet, is no longer working at time of writing. Earlier this week, Donald Trump Jr. announced on social media that the Trump organization has nothing to do with this project and that they know nothing about it, adding that WLFI will be launching its official crypto wallet soon. “The Trump Organization has zero involvement with this wallet product. Eric Trump and I know nothing about it. Stay tuned – World Liberty Financial, which we have been working tirelessly on, will be launching our official wallet soon.” WLFI launched late last year as a means of spreading the dominance of the US dollar and helping those disenfranchised by the banking system. Previously, Trump Jr said the family explored crypto after they were debanked in New York for political reasons. “The reason we got into crypto and we’re all in on crypto and we’re doing American Bitcoin and we have World Liberty Finance and [the stablecoin] USD1 was because there was a time… where I could call any single banker in New York City, they’d pick up the phone [and] I’d be able to get a loan for whatever real estate project I was doing across the street. Then we got into politics, and all of a sudden, they wouldn’t take your call. You couldn’t get financing. We were debanked.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Generated Image: DALLE3
World Liberty Financial Sends Cease and Desist to Trump Wallet Creators (Report)
Tensions between groups involved in Donald Trump’s expanding crypto ventures have intensified following the recent announcement of a TRUMP Wallet. World Liberty Financial (WLF) has reportedly sent a cease and desist letter to Fight Fight Fight, the company behind the TRUMP meme coin and its partner Magic Eden. Trump Wallet Dispute Escalates According to a Bloomberg report , the conflict began after Fight Fight Fight, run by Trump’s longtime ally Bill Zanker, revealed plans on Tuesday for a new TRUMP Wallet. Magic Eden, which is collaborating with the firm on the project, had promoted it on its social media account as “The First and Only Crypto Wallet for True Trump Fans.” The application would enable users to store and trade the TRUMP meme coin and other digital assets. Shortly after the announcement, Trump’s sons went on social media to say they were not aware of the initiative’s existence. Donald Trump Jr. also clarified that the Trump Organization is developing its wallet in partnership with World Liberty Financial. Confusion surrounding the wallet project has been intensified by inconsistencies in its online presence. The official website has fluctuated between being live and offline in recent days. Meanwhile, its associated X account has since been suspended. At the heart of the dispute is the fight for dominance over Trump-themed crypto products. This is due to the growing market fueled by the president’s supporters entering the crypto space. The President’s Growing Crypto Empire Fight Fight Fight and CIC Digital LLC launched the Trump meme coin in January. Since then, the project has brought in over $300 million in fees. The two companies still hold 80% of the token supply, now valued at around $1.7 billion. To boost interest, Zanker has promoted the coin for use in online shopping and hosted a private dinner last month near Washington, where Trump addressed major token holders. The upcoming wallet is now using similar promotions. Its website has offered free meme coins to users who sign up for its waiting list. Meanwhile, WLF has raised around $550 million through token sales since its launch last year. The Trump crypto venture also released a stablecoin called USD1 that currently has a market value of $2.2 billion. According to offering documents, a Trump-affiliated company receives 75% of the net revenue from the project. The First family also has 60% ownership of World Liberty through DT Marks DeFi LLC. Trump once questioned crypto but entered the space through Zanker, who suggested using his name on NFTs. Since then, they have launched four NFT collections and held dinners for supporters during his presidential campaign. Magic Eden has also worked with him on the projects.
Eric Trump says World Liberty will buy 'substantial position' in Trump memecoin, nixes 'official' wallet
The Trump-branded crypto wallet and trading app announced earlier this week has been shelved following public confusion and a reported cease-and-desist letter. Eric Trump said Friday that the Official Trump memecoin "has aligned" with World Liberty Financial, the DeFi project launched last fall with the support of President Donald Trump and his family. "Although their meme wallet isn’t moving forward, they remain focused on building the most exciting MEME on earth - $Trump," Eric said in a post on X . "Moreover, we're proud to announce that World Liberty Financial plans to acquire a substantial position in $TRUMP for their Long-Term Treasury. We share a bigger vision for crypto, patriotism, and long-term success." On Tuesday, Magic Eden and Fight Fight Fight LLC announced a forthcoming wallet and trading app . Magic Eden co-founder and CEO Jack Lu said users of the wallet would be able to trade TRUMP along with "major" cryptos like BTC, ETH, SOL, ADA, XRP, and DOGE. However, President Trump’s three sons all said the Trump Organization "has zero involvement" with said wallet, and that World Liberty would release an "official" wallet. WLFI then sent a cease-and-desist letter to Fight Fight Fight, according to a Bloomberg report. "The Trump meme and WLFI may be different lanes, but they share the same highway. Same values, same mission—amplifying American strength through innovation," the World Libert account said Friday in a post on X . President Trump recently hosted the top 220 Official Trump memecoin holders at his golf club outside of Washington, D.C., leading many Democrats on Capitol Hill to declare that Trump is "selling out America." Also, earlier this week, World Liberty Financial distributed its own USD1 stablecoins to wallets that participated in the sale of the project's native token WLFI, according to Lookonchain and SlowMist.
WLFI issues cease and desist notice to creators of ‘Official Trump Wallet’
World Liberty Financial (WLFI), the crypto venture associated with President Donald Trump and members of his family, has issued a cease-and-desist letter to the creators of a newly announced Trump-branded crypto wallet, Bloomberg News reported on June 5, citing a person familiar with the matter. The letter, reportedly sent to Fight Fight Fight LLC, the company behind the Official TRUMP memecoin and the website GetTrumpMemes.com, came after the firm unveiled plans for an “official Trump wallet” in partnership with Magic Eden. Promotional posts and a sign-up page were launched earlier this week to build a waitlist for the product. However, Donald Trump Jr., who serves as a Web3 ambassador for WLFI, disavowed the project on June 3. Both him and Eric Trump issued public statements that WLFI and the Trump Organization were not involved in the wallet and that an official release would come directly from WLFI. Branding battle The unauthorized use of Trump’s name and image has highlighted growing tensions between parallel Web3 initiatives tied to the Trump brand, some officially sanctioned, others not. WLFI, which oversees projects such as the USD1 stablecoin and has offered perks like private dinners for top $TRUMP token holders, is aiming to formalize its presence in the space ahead of broader product launches. Lawmakers have taken note, with several Democratic members of Congress and the Senate voicing concerns about the overlap between Trump’s political role and his growing involvement in the crypto sector in recent weeks. They warn that the commercialization of the presidency through digital assets could further politicize efforts to pass legislation on stablecoins, tokens, and decentralized finance. As of June 5, the domain previously used to promote the wallet, TrumpWallet.com, had been taken offline. However, social media posts from Magic Eden and the memecoin team promoting the project remained live as of press time. The cease-and-desist letter has not yet been made public, and WLFI has not issued an official statement regarding potential legal action. The post WLFI issues cease and desist notice to creators of ‘Official Trump Wallet’ appeared first on CryptoSlate.
Magic Eden’s ME Token Crashes to All-Time Low Amid Trump Family Backlash
Trump family’s World Liberty Financial (WLFI) issued a cease and desist order to FIGHT FIGHT FIGHT over its partnership with Magic Eden to launch a TRUMP Wallet. After the announcement, Magic Eden’s ME token fell by over 9%. WLFI co-founder Donald Trump Jr. claimed that his firm is also planning to launch a crypto wallet bearing the President’s name and likeness. It’s unclear which company has the legal right to create such a product. Who Can Launch a TRUMP Wallet? President Trump has a sprawling crypto empire, but evidently, its constituent parts aren’t always in contact with each other. Two days ago, Magic Eden announced that it was powering a TRUMP wallet, but two of Trump’s sons disputed any involvement with the project. Now, WLFI has filed a cease and desist order demanding an end to the project. “The Trump Organization has zero involvement with this wallet product. Eric and I know nothing about it. Stay tuned—World Liberty Financial, which we have been working tirelessly on, will be launching our official wallet soon,” Don Jr. claimed over social media. When this confusion first appeared, the crypto community hypothesized that this was simply a communication mixup. However, the TRUMP Wallet debacle runs a little deeper than that. Bill Zanker, a longtime Trump associate, is the head of FIGHT FIGHT FIGHT, which issues TRUMP and runs other projects. However, Zanker and FIGHT FIGHT FIGHT have no direct connection to WLFI or the Trump Organization. The firm possesses a license to use Trump’s name and likeness for the meme coin, NFTs, and other projects, but the same people do not actually own it. With WLFI wanting to launch its own Trump Wallet, this caused a minor snafu. Trump’s Crypto Empire. Source: Molly White A Convoluted Crypto Empire For example, Don Jr. mentioned above that the Trump Organization had no knowledge of the wallet plan, but this company didn’t issue the cease and desist letter. It, World Liberty Financial, and FIGHT FIGHT FIGHT are all separate entities with overlapping employees, painting a confusing picture. This incident has left a lot of things in flux. At the time of this writing, trumpwallet.com is offline, and its associated X account has been suspended. It’s unclear which company will end up using Trump’s name for a crypto wallet and whether this could cause a schism between these businesses. Whatever happens, Magic Eden is the biggest loser, as its token dropped over 9%. Magic Eden Price Performance. Source: CoinGecko On one hand, it makes sense for Trump to segregate his disparate crypto ventures in this manner, as they’ve attracted a lot of criticism. Meanwhile, the TRUMP Wallet debacle also shows the limitations of this group. Two companies both believe they’re entitled to use the President’s likeness for a similar project. Someone will need to resolve the dispute.
Exclusive: Trump Wallet X Account Reactivated Amidst Memecoin Controversy
In the fast-paced world of digital assets, unexpected developments are the norm. One such recent event capturing attention involves the Trump Wallet. After a period of being frozen, the official X account associated with the Trump Wallet project is now back online, sparking renewed interest and discussion within the cryptocurrency community. The Unfreezing of the Trump Wallet X Account The news broke recently that the X account belonging to the Trump Wallet had been unfrozen by the platform. Previously, X had taken action to freeze the account, citing breaches of its rules. The exact nature of these breaches was not detailed in the initial reports, but platform suspensions often relate to issues like spam, manipulation, or violations of terms of service. For projects operating in the public eye, especially those linked even loosely to prominent figures, maintaining a presence on major social media platforms like X is crucial for communication and community building. The temporary freezing of the Trump Wallet account undoubtedly disrupted their outreach efforts. Its reactivation signals a resolution, or at least a temporary lifting, of the issues that led to the initial suspension. What Exactly is the Trump Wallet? Exploring Its Origins According to information presented on its official website, the Trump Wallet positions itself within the broader ecosystem surrounding the TRUMP memecoin. The website states that the wallet project was co-developed by two entities: Trump Meme and Magic Eden. Magic Eden is a well-known marketplace primarily associated with NFTs, but its involvement here links the wallet directly to the TRUMP token sphere. The connection to the TRUMP memecoin is significant. Memecoins are a volatile and often speculative segment of the cryptocurrency market, frequently created around internet memes, cultural phenomena, or public figures. The TRUMP token itself has seen considerable attention and price fluctuations, often tied to political events and endorsements, or lack thereof. However, this project’s relationship with the actual Trump family has been a point of contention, leading to confusion among potential users and investors. Is the Trump Wallet Official? Donald Trump Jr. Clarifies Amidst the buzz surrounding the Trump Wallet and its associated memecoin, questions about its legitimacy and official endorsement have persisted. This is where the statement from Donald Trump Jr. becomes critical. According to a report by JinSe Finance, Donald Trump Jr., the eldest son of former President Donald Trump, has publicly clarified the situation. He stated unequivocally that the Trump Wallet in question is not an official Trump wallet. This clarification is crucial for distinguishing between projects that use the Trump name or likeness without official sanction and any potential future initiatives that might be officially endorsed or launched by the family or associated entities. Donald Trump Jr. further added that a different entity, World Liberty Financial, will be launching its own official wallet. This suggests that while unofficial projects like the one behind the unfrozen X account exist, the family may have plans for a separate, legitimate digital asset offering. Here’s a quick breakdown of the key points regarding the Trump Wallet’s status: The Trump Wallet (linked to the unfrozen X account) claims co-development by Trump Meme and Magic Eden. It is associated with the TRUMP memecoin. This specific wallet project is reportedly in dispute with the Trump family. Donald Trump Jr. explicitly stated it is NOT an official Trump wallet. An official wallet from World Liberty Financial is reportedly in development. Navigating the Cryptocurrency Landscape: Unofficial Projects and Memecoins The situation with the Trump Wallet highlights a common challenge within the broader cryptocurrency and memecoin space: the proliferation of projects that leverage popular names or brands without official affiliation. While some unofficial projects are created purely for community fun or speculation, others can lead to confusion, potential scams, or legal disputes. For anyone interested in tokens or wallets related to public figures, it’s paramount to exercise caution and conduct thorough research. Always verify the official status of any project claiming association with a well-known person or entity. Relying on official statements, like the one from Donald Trump Jr., is essential for navigating this complex environment. Summary: Trump Wallet X Account Back, But Official Status Remains Key The reactivation of the Trump Wallet X account brings the project back into the social media spotlight after a suspension. While the account is active again, the controversy surrounding the wallet’s official status persists. The clarification from Donald Trump Jr. that this is not an official Trump wallet, coupled with news of a forthcoming official wallet from World Liberty Financial, underscores the importance of distinguishing between unofficial, community-driven, or speculative projects and those with genuine endorsement. For enthusiasts navigating the world of cryptocurrency and memecoin trends, this serves as a valuable reminder to always prioritize due diligence and seek out verified information before engaging with any project, especially those tied to prominent names. To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency price action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
The official website of TRUMP Wallet linked to X account frozen again
According to relevant page information, the X account @TrumpWalletApp associated with the TRUMP wallet official website has been frozen again. Previously, the TRUMP wallet X account @TrumpWalletApp was restored to normal after a brief freeze. Information on the TRUMP wallet official website shows that the wallet was jointly developed by Magic Eden in collaboration with TRUMP Meme official. However, Donald Trump Jr., the eldest son of Trump, stated that the Trump Organization has no association with this wallet product, and WLFI will launch an official wallet.
The Trump Sons Deny Any Involvement In The Launch Of This Crypto Wallet Project
The Trump family continues to shake up the crypto world with projects as publicized as they are controversial. The latest: a Trump-branded crypto wallet, in partnership with Magic Eden, which offers an avalanche of rewards to its users. Yet, while the public rushes to sign up, the Trump sons are distancing themselves. Donald Jr., Eric, and Barron insist they are not behind the initiative. A new crypto saga begins. In Brief The Trump Wallet promises one million dollars in crypto via referrals and progressive rewards. Magic Eden leads this project launched without official approval from Trump heirs or the organization. The Trump sons deny any participation, causing confusion among crypto enthusiasts. A Trump Wallet with Jackpot Vibes: Marketing and Flood of Dollars Presented as the “first and only crypto wallet for true Trump fans“, this digital wallet aims to make a big impact. Developed in collaboration with Magic Eden, a giant in the NFT market, and powered by the technology of the Slingshot platform, the Trump Wallet is based on the Solana blockchain. Its mobile interface gives access to the $TRUMP token, but also to other digital assets like Bitcoin. Users can sign up on Trumpwallet.com. The site offers crypto rewards worth 1 million dollars, distributed via a referral system and “TRUMP Boxes.” By reaching certain milestones, participants gain access to drawings with a grand prize of 100,000 $ in $TRUMP tokens, scheduled for July 4. This project relies on clever marketing, mixing patriotism, exclusivity, and promises of massive gains. The strategy clearly aims to capture a pro-Trump crypto enthusiast audience. Magic Eden, which had already collaborated with the family for a collection of NFT Ordinals, hopes to thus expand its base beyond the traditional NFT market. TRUMPUSDT chart by TradingView Family Denials and Suspicions in the Crypto Ecosystem Hardly had the crypto wallet been launched when the Trump sons denied any involvement. Donald Trump Jr. wrote: The Trump Organization has zero involvement with this wallet product. Eric Trump is even more direct : I run @Trump and I know nothing about this project! Barron Trump, in his first message on X , states: To be clear, our family has zero involvement with this wallet. These messages sow doubt in the crypto community. While some see a attempt to exploit the Trump brand, others speak of a dubious marketing maneuver. The fact that the project is promoted by an account tied to the meme coin $TRUMP, while being disavowed by the direct heirs, fuels speculation. Key figures and facts to remember: The total value of rewards amounts to 1 million dollars in $TRUMP tokens; The July 4 drawing promises a unique prize of $100,000; Each referral increases the chances to win a “TRUMP Box”; The project is powered by Slingshot, an app acquired by Magic Eden; The promotional site currently requires no declared KYC. This ambiguity fuels mistrust, especially in a sector already marked by many scams. Meanwhile, the Trump family is preparing another crypto wallet, called World Liberty Financial, presented as the only official project. Recently, another matter reignited tensions: the rumor that Trump Media wanted to raise 3 billion dollars to invest in Bitcoin. Deemed a pure fabrication by the Trump teams, this announcement confirms that the alliance between a political name and crypto remains a media powder keg.
Donald Trump Jr. Asserts “Zero Involvement” in Trump Wallet
Donald Trump Jr. has made it clear that The Trump Organization has no connection to the newly promoted Trump Wallet making rounds online. In a tweet, he stated that the Trump Organization has “zero involvement” in the wallet being promoted online. He also added that neither he nor his brother Eric Trump had any knowledge of it. Donald Trump Jr. Denies Involvement in Trump Wallet, Source: X Just a few hours ago, the report came of a Trump Wallet launching in partnership with Magic Eden and GetTrumpMemes.com. It features a waitlist offering users a chance to win $1 million in $TRUMP token rewards. However, Trump Jr. made it clear that the branding is not authorized by the Trump family, and advised supporters to be cautious. Instead, he revealed that he and Eric Trump have been working on a separate, official crypto project called World Liberty Financial. He described it as something they’ve been developing “tirelessly” and said it would be launched soon. This surprising refusal raises questions about the usage of the Trump brand in cryptocurrency initiatives. It also emphasises the necessity for fans and investors to exercise caution and wait for confirmed pronouncements from the Trump family. Until then, the status of the so-called “official” Trump wallet remains questionable. Follow The Crypto Times on Google News to Stay Updated!
Ripple CTO: What is Trump Family’s ‘Real Story’ Behind Wallet Launch
David Schwartz, Chief Technology Officer at Ripple, is raising serious questions about the recent announcement of the so-called official Trump Wallet. On June 3, both Magic Eden and GetTrumpMemes publicly announced the launch of the Trump Wallet, calling it the official crypto wallet connected to U.S. President Donald Trump. But soon after, Donald Trump Jr. and Eric Trump stated that the Trump Organization has zero involvement in the project. Posting on X, Schwartz pointed out a strange detail that GetTrumpMemes is owned by FightFightFight LLC, which helped launch the official Trump coin. That company is co-owned by CIC Digital LLC, a business entity linked to the Trump Organization. This is a very bizarre situation. Both @magiceden and @GetTrumpMemes have posted this announcement, but Donald Trump Jr. and Eric Trump say the Trump Organization has zero involvement. But @GetTrumpMemes is owned by FightFightFight LLC which launched the official Trump coin and… https://t.co/YKxKPhcCiv — David 'JoelKatz' Schwartz (@JoelKatz) June 4, 2025 These details have left the question of how the Trumps can claim no involvement if the companies behind the wallet are tied to them. Schwartz called the situation “very bizarre” and also questioned whether the Magic Eden and GetTrumpMemes X accounts had been hacked to post such a fake announcement. Schwartz also said that he does not believe the situation is a scam or fraud. He suggested it is more likely the case of miscommunication or misunderstanding between the parties involved. With so much confusion from such closely tied entities, Schwartz is now asking what the “real story” is behind the Trump Wallet. The crypto community is left puzzled. If the companies involved are linked to Trump, why the public denial from his family? As questions pile up, all eyes are now on the Trumps for a clear explanation. Follow The Crypto Times on Google News to Stay Updated!
Trump Family Disputes Unauthorized Use of Name for Magic Eden’s Crypto Wallet
Eric Trump and Donald Trump Jr. denies any affiliation with Magic Eden’s Trump-branded crypto wallet. Magic Eden promotes a $1 million sweepstakes for its crypto wallet, but faces backlash over unauthorized branding. The controversy highlights the blurred lines between political figures and the growing crypto industry. After Magic Eden made its announcement about a crypto wallet with Trump branding, members of the Trump family reacted immediately. The marketplace announced it is partnering with $TRUMP meme coin creators to put out the “Official $TRUMP Wallet.” But Eric Trump soon responded by distancing himself, saying that the project was never sanctioned by himself or his family. The incident has caused concern about crypto companies branding their business strongly, often without enough supervision. Magic Eden’s Trump Wallet Announcement On June 3, 2025, Magic Eden, a major NFT marketplace, unveiled its partnership with the $TRUMP meme coin team to introduce the Trump-branded crypto wallet. The wallet promises to support $TRUMP tokens and other cryptocurrencies, including Bitcoin. Additionally, Magic Eden promoted a sweepstakes offering a $1 million prize pool in $TRUMP rewards to entice users to sign up for the wallet’s waitlist at TrumpWallet.com . However, the Trump family was quick to distance itself from the project. Eric Trump, son of former President Donald Trump , posted on X (formerly Twitter), stating that he had no knowledge of the wallet initiative. “I run @Trump and I know nothing about this project!” he wrote, tagging Magic Eden’s lead partners. Eric Trump made it clear that the project was not authorized and cautioned Magic Eden to avoid using the Trump name without permission. This project is not authorized by @Trump . @MagicEden I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization. https://t.co/OovJGvGOkO — Eric Trump (@EricTrump) June 3, 2025 Donald Trump Jr. Responds to Wallet Project Donald Trump Jr. also weighed in, denying any involvement in the wallet launch. He revealed that the Trump family is working on its own separate crypto wallet through World Liberty Financial. His statement reinforced that the wallet launched by Magic Eden was not part of the family’s official business. Despite the Trump family’s disavowal, the wallet announcement was shared by the official TrumpMeme account on X. This raised further confusion, as it seemed to contradict the family’s rejection of the project. The @TrumpWalletApp account, which was later suspended, claimed the wallet was the “first and only crypto wallet for true Trump fans.” Magic Eden’s Vision and Future Plans Magic Eden’s CEO, Jack Lu, stated that the wallet aimed to bring mainstream users into the crypto space. The product was developed using Slingshot Finance, an app acquired by Magic Eden in April 2025. The app supports meme tokens but does not handle identity verification directly. Instead, it uses MoonPay, a third-party service, for fiat on-ramp procedures. It is unclear if the Trump Wallet will have its own compliance mechanisms or how revenue will be divided among the involved parties. The debate around the Trump Wallet points out how political brands and cryptocurrency ventures are linking across industries. The increased involvement of political figures and particularly the Trump family, in crypto makes many people ask if these products can be trusted. As politicians are discussing crypto more, it becomes clear that it is important to tell which comments are official and which are simply used for profit. A Trump-branded crypto wallet from Magic Eden has sparked fights in the Trump family because they want no involvement with the project. It brings attention to the difficulties of handling the crossover of politics and crypto .
World Liberty sends cease-and-desist letter to firms building unaffiliated Trump-branded wallet: report
The Trump-family backed World Liberty Financial has sent a cease-and-desist letter to Fight Fight Fight, the company that announced yesterday it would help create a Trump-branded crypto wallet , according to a Bloomberg report on Thursday. Notably, Fight Fight Fight is also the company that helped launch President Donald Trump’s "official" memecoin, which went live the weekend before Inauguration Day this past January. Fight Fight Fight is reportedly run by the president’s long-time friend and promoter, Bill Zanker. On Tuesday, crypto critic Molly White broke the news that Fight, Fight, Fight had enlisted Magic Eden, a crypto infrastructure firm most known for its NFT marketplace, to help develop a wallet. Magic Eden confirmed the relationship and verified the @TrumpWalletApp X account, which has since been deleted. Shortly after the story broke, Donald Trump Jr. posted that "The Trump Organization has zero involvement" with the effort, adding that World Liberty Financial — the supposed DeFi project that lists Trump and his sons as advisors — was working to release an "official wallet soon.' This message was followed up by social media posts from Eric and Barron Trump, further distancing the Trump family from the Fight, Fight, Fight project. Magic Eden was also sent a cease-and-desist letter. Trump-family crypto ventures The TRUMP memecoin that Zanker helped develop has generated more than $300 million in fees for the owners, according to data firm Chainalysis. Fight Fight Fight, named after the slogan coined by Trump following his first assassination attempt, reportedly shares 80% of the total TRUMP token supply with another Trump affiliate, CIC Digital LLC. In the past, when asked about the memecoin, President Trump has expressed casual indifference about the project, often asking whether the price is up or not. World Liberty was the Trump family’s first major foray into crypto, and the entity through which they have released their USD1 stablecoin. The firm raised about $550 million in WLF token sales and is building a massive treasury primarily composed of WBTC, ETH, and other assets. The president is named "chief crypto advocate" for the effort. That said, the Trump family has since expanded into several crypto verticals, including Bitcoin treasury maintenance and Bitcoin mining.
Trump memecoin wallet in ‘absolute chaos’ as family org unaware of launch
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 the family from it. The non-fungible token marketplace Magic Eden and the team behind the president’s memecoin , Official 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.” He added the family’s crypto platform, World Liberty Financial, “will be launching our official wallet soon.” Eric Trump said the wallet “is not authorized by Trump” and warned Magic Eden to “be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization.” Trump’s youngest son, Barron Trump, even made his first-ever X post to say the family “has zero involvement with this wallet.” Crypto skeptic Molly White, who first reported on the wallet, called the saga “absolute chaos” and speculated there is a breakdown in communication between the various crypto-related Trump-linked businesses. The TRUMP token team, Magic Eden and the platform’s CEO, Jack Lu — who also posted about the wallet — have not publicly made a statement on the matter. Trump’s crypto empire factions The Trump Wallet website describes it as the “Official $TRUMP Wallet by President Trump” and says that “Magic Eden partnered with GetTrumpMemes.com” for its upcoming launch. GetTrumpMemes.com is owned by Fight Fight Fight LLC, which is co-owned by a company affiliated with the Trump Organization called CIC Digital LLC — the two firms together own a majority of the TRUMP token supply. American businessman Bill Zanker is listed on documents for Fight Fight Fight LLC and also holds a substantial quantity of Trump tokens through CIC Digital. Zanker is part of the team that helped launch the TRUMP memecoin, various Trump-backed NFT collections , and is working on a Monopoly-style game blending gaming and crypto elements. This isn’t the first time there has been confusion over crypto ventures bearing the Trump name. Trump Media and Technology Group, the company behind President Trump’s social media platform Truth Social, initially denied a May 26 report by the Financial Times , which claimed it was raising $3 billion in a mix of equity and convertible bonds to buy Bitcoin and other crypto. The company backflipped only a day later and confirmed a $2.5 billion capital raise to purchase Bitcoin through a $1.5 billion stock sale and a $1 billion convertible senior secured bonds.
Eric Trump Threatens Legal Action Against “Official” $TRUMP Crypto Wallet
Eric Trump disputes use of trademark on cryptocurrencies $TRUMP Wallet Does Not Have Trump Family Approval Trump-named crypto projects operate without coordination Eric Trump stated Trump Jr. has publicly stated that his family is considering taking legal action against the launch of the “Official $TRUMP Wallet,” a cryptocurrency wallet launched without the family’s approval. The statement came after a website was released that advertised the product as official, claiming a partnership between GetTrumpMemes.com and the Magic Eden platform. “There is no deal for this product. It has not been approved,” Eric Trump said in a message sent to The New York Times. Trump’s swift reaction came after the publication of promotional materials linking the project to former President Donald Trump and his family members. The project was promoted on social media by accounts associated with Magic Eden and GetTrumpMemes.com. Jack Lu, CEO of Magic Eden, even stated that the product would be legitimate and developed in collaboration with the $TRUMP token team. Our partnership with the $TRUMP team to build @TrumpWalletApp represents our commitment to onboarding mainstream audience deeper into crypto. Most US users (and mainstream users worldwide) use centralized exchanges today, but we know that the newest goals on crypto happens… — Jack (@0xLeoInRio) June 3, 2025 Meanwhile, Donald Trump Jr. has also spoken out, clarifying that although he is involved in the creation of a cryptocurrency wallet by World Liberty Financial (WLFI), this initiative is not related to the project promoted by Magic Eden. Barron Trump, who rarely comments on public matters, also stated that no member of his family is involved with this wallet. To be clear, our family has zero involvement with this wallet. https://t.co/5NE6cZZQlO — Barron X Spaces (@BarronXSpaces) June 3, 2025 Currently, at least four fronts linked to the Trump brand operate in the crypto sector. Trump Media & Technology Group, responsible for Truth Social, recently filed an application with the SEC to launch a spot Bitcoin ETF. Another group is led by Bill Zanker, a former Trump associate who is behind the $TRUMP and $MELANIA tokens. This team is also reportedly involved in developing a Monopoly-style cryptocurrency game. Additionally, WLFI, backed by Donald Trump Jr. and Eric Trump, has launched a stablecoin called USD1 and a governance token, with plans to create a full-fledged DeFi ecosystem. American Bitcoin, another front under the Trump sons’ leadership, is focused exclusively on Bitcoin mining. Despite sharing the Trump brand, these projects operate independently, with no clear alignment. With the family’s public distancing from the “Official $TRUMP Wallet,” the project’s continuity remains uncertain. Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss. Tags: Eric Trump
Trump-Branded Crypto Wallet Sparks Confusion as Trump Family Denounces Involvement
A new Trump-branded crypto wallet, launched in collaboration with NFT marketplace Magic Eden and the team behind the $TRUMP memecoin, has triggered a wave of controversy, with members of the Trump family publicly denying any association with the product. Announced on June 3 as “the Official $TRUMP Wallet,” the project was positioned as an official crypto product linked to U.S. President Donald Trump. However, within hours, Trump’s sons — Donald Trump Jr., Eric Trump, and even Barron Trump — firmly distanced themselves and the Trump Organization from the initiative. In a statement posted online, Donald Trump Jr. emphasized, “The Trump Organization has zero involvement with this wallet product,” adding that he is unaware of any such partnership. He clarified that the family’s official crypto initiative will come from World Liberty Financial, which he claimed is preparing to launch its own wallet soon. 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 Eric Trump echoed the sentiment, calling the wallet unauthorized and warning Magic Eden to “be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization.” Barron Trump also broke his social media silence with a post stating the family has “zero involvement with this wallet.” Despite these denials, the project’s website still describes the product as “the Official $TRUMP Wallet by President Trump” and claims Magic Eden has partnered with GetTrumpMemes.com — a platform owned by Fight Fight Fight LLC. That company, in turn, is co-owned by CIC Digital LLC, a firm tied to the Trump Organization. Together, both entities reportedly control a majority of the $TRUMP token supply. The unexpected backlash from the Trump family has drawn sharp reactions from observers. Crypto critic Molly White, who first flagged the inconsistencies, described the ordeal as “absolute chaos,” suggesting a lack of coordination among the various businesses associated with the Trump brand in the crypto space. Neither Magic Eden, the $TRUMP token team, nor Magic Eden CEO Jack Lu — who previously promoted the wallet — have issued any clarifications or statements since the Trump family’s denials. In May, Truth Social denied circulating rumours suggesting it is launching a memecoin. The platform dismissed the speculation as false, reiterating that it had no involvement in any crypto token launch. If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter , LinkedIn , Facebook , Instagram , and CoinMarketCap Community. “Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
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