- Trump Organization is reportedly developing a crypto wallet; Donald Trump Jr. confirms.
- Trump team disavows an unofficial “$TRUMP Wallet” website causing confusion.
- Official TRUMP token trades near $11.43 amid these developments & Magic Eden links.
The Trump Organization is reportedly stepping into the digital asset world with plans for a new crypto wallet and trading app. Donald Trump Jr. recently confirmed this development, stating on X that a Trump-themed wallet is indeed “coming soon.”
This news has quickly generated major buzz across the crypto community, particularly after earlier hints of a larger digital strategy from the Trump camp surfaced.
However, the situation is also stirring some confusion. Trump’s team has actively distanced itself from a new website promoting a “$TRUMP Wallet.” This distinction is creating concerns about potential misinformation and misuse of the Trump brand.
What’s unfolding here highlights the often complex interplay between official company initiatives and unofficial third-party projects common in crypto marketing.
Official Wallet Confirmed; Unofficial “$TRUMP Wallet” Site Disavowed
While Trump Jr. verified the launch of a Trump-themed crypto wallet, the circulating domain associated with the project does not have official backing. Eric Trump also denied any link between the Trump team and the rogue website.
This unauthorized platform is actively encouraging users to join a waitlist. It’s promoting $1 million in token rewards and features a quite polished app interface. But, despite its sleek presentation, it appears to be completely unaffiliated with the actual Trump crypto project confirmed by Donald Trump Jr.
Adding to the uncertainty, the suspicious site claims backing from Slingshot Finance, a crypto trading platform recently acquired by Magic Eden. So far, neither Magic Eden nor Slingshot Finance has released any public statement confirming this association.
This lack of official confirmation has led to further speculation among crypto traders. This is especially true following Magic Eden’s prior involvement with the Trump Cards NFT collections.
Magic Eden, Slingshot Finance Links Scrutinized
Earlier this year, Magic Eden hosted the migration of Trump Cards NFTs to its platform. Now, several of its key executives, including CEO Jack Lu, were seen attending a private dinner with the Trump meme coin community.
The dinner was reportedly held for top holders and project supporters. Clinton Bembry, founder of Slingshot Finance, was also present, further fueling rumors about deeper collaboration.
Related: Trump Declares US “Dominating” in Bitcoin and Crypto Ahead of Meme Coin Dinner
Moreover, this renewed attention comes as the Official Trump (TRUMP) token sees a short-term price increase. The token as of press time is valued at $11.43, with a 24-hour trading volume surpassing $563 million.
Despite a recent 10% dip over the past week, the token’s market cap remains robust at over $2.29 billion. With 200 million TRUMP tokens currently circulating, investor interest clearly remains high, though general market volatility persists.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
