Key Takeaways
- The Trump family denied links to the “Official $TRUMP Wallet” shortly after its announcement.
- Fight Fight Fight LLC and CIC Digital LLC, tied to the Trump Organization, created the $TRUMP token on Solana and control most of its supply.
- Magic Eden promoted the wallet, but later removed posts.
- Senator Elizabeth Warren criticized a crypto-friendly provision in the GENIUS Act and linked it to Trump-aligned projects.
The intersection of politics and crypto often creates public tension.
The case of Trump-branded blockchain projects shows how easily political branding and crypto can collide. In June 2025, the so-called “Official $TRUMP Wallet” launched with branding that implied family involvement.
According to reports, the official TrumpMeme X account reposted Magic Eden’s announcement about the wallet launch.
They stated that NFT marketplace Magic Eden promoted the wallet as “the first and only crypto wallet for true Trump fans” and pushed it on X with promises of a $1 million reward pool in $TRUMP tokens. Users could sign up and refer others to climb a waitlist.
Magic Eden’s CEO and co-founder, who recently attended Trump’s dinner for crypto backers, publicly acknowledged the project.
However, the original X post no longer appears, raising questions about the campaign’s transparency.
Soon after, the Trump family publicly denied any connection to the project.
This article explains the Trump wallet and token, as well as the debate surrounding these Trump-related projects.
Trump Family Denies Wallet Ties as Token Alliance Emerges
Donald Trump Jr., Eric Trump, and even Barron Trump, with his first public message on X, have disavowed any connection to the project “Official $TRUMP Wallet”.
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On June 3, 2025, Donald Trump Jr. said his family had no involvement with the newly launched wallet announced by Magic Eden in partnership with the team behind the $TRUMP memecoin.
“I know nothing about it,” he stated.
Donald Trump Jr. reaffirmed that any financial product associated with their name will come directly from their own initiatives.
He added that he and his brother are developing a project under World Liberty Financial (WLF) that plans to launch their official wallet soon.
For his part, Eric Trump warned of legal action against what he called “scams” that exploited Trump’s name, and the Trump Wallet X account was suspended, adding to the controversy.
Later, on June 9, 2025, he announced that the $TRUMP memecoin had allied with WLF, including $TRUMP “the most exciting meme on earth” in its long-term treasury strategy.
He also said that although their meme wallet was moving forward, they remain focused on building $TRUMP.
It is important to note that CIC Digital LLC and Fight Fight Fight LLC created and control over c80% of the $TRUMP memecoin supply.
Both entities operate under the Trump Organization. Bill Zanker, a longtime Trump business associate, leads Fight Fight Fight LLC.
The connection between a presidential family and a memecoin project has sparked criticism and raised concerns over ethics and influence.
Same Team Behind $TRUMP Token and Trump Wallet?
Despite the Trump family’s denials, digital evidence tells a different story.
Some analysis shows that Trump Wallet and Trump memes share the same domain registrar and Cloudflare nameservers.
This setup points to a likely connection between the Trump Wallet and the team behind the $TRUMP token. It also notes that the waitlist signup redirects to Slingshot Crypto’s app, suggesting a working partnership.
The Trump family’s swift denial points to either a miscommunication or misunderstanding with those behind the project or an unauthorized use of their name.
Magic Eden’s decision to stop the project, the missing X post, and the suspended account point to a likely retreat to avoid legal or reputational damage.
Crypto Clash in Washington: Warren Accuses GOP of Favoring Trump Family
The Trump Wallet controversy does not stop at crypto. The implications are deeply political and the debate remains a heated issue in Washington.
For example, on June 4, U.S. Senator Elizabeth Warren criticized the GENIUS Act, a Republican-led bill to boost financial innovation.
She accused Grand Old Party (GOP) lawmakers of adding a last-minute exemption for crypto wallets and claimed the provision could benefit the Trump family.
Warren pledged to introduce an amendment to close what she described as a loophole and called for stronger anti-corruption protections before the bill advances.
Conclusion
The $TRUMP Wallet controversy highlights the risks of mixing political branding with crypto projects.
While the Trump family denied any connection, entities tied to the Trump Organization helped create and promote the $TRUMP token.
The situation drew political backlash, raised ethical concerns, and sparked new calls for regulation.
The debate remains ongoing as the memecoin continues to operate and align with pro-Trump financial platforms.
FAQs
Is the ‘Trump Wallet’ (the one disavowed by the family) still active or live as of mid-2025?
As of mid-2025, the website for the ‘Trump Wallet,’ which the Trump family disavowed, has gone offline.
Who is Bill Zanker, and what is his connection to the Trump brand?
Bill Zanker is a longtime business associate of Donald Trump and co-author of Think Big. He has worked with Trump on past ventures, but his role in the crypto wallet remains unclear.
Could this incident lead to new crypto endorsement rules in the U.S.?
It is possible. As political figures get tied to unauthorized crypto launches, lawmakers may push for clearer regulations on name usage and endorsements in Web3 campaigns.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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