A cryptocurrency wallet promoted using the Trump name has come under examination, following public statements by Donald Trump Jr. and Eric Trump who disassociated themselves from the initiative. Their disavowal has sparked doubts regarding the authenticity of the offering and its actual affiliation with the Trump brand.
Donald Trump Jr. and Eric Trump Deny Involvement in Controversial Trump Wallet
Initially highlighted and described on the platform trumpwallet.com, the self-described “Trump Wallet” presents itself as “The First and Only Crypto Wallet for True Trump Fans.” This tagline was prominently featured by the NFT marketplace Magic Eden in a post on X.
The website encourages users to join a waitlist, while Magic Eden’s X account provided an opportunity for participants to win $1 million in TRUMP rewards. The wallet’s promotional image indicated support for bitcoin (BTC), ethereum (ETH), solana (SOL), and Magic Eden’s ME token, and showed a balance of $1,776, symbolically referencing U.S. independence.
However, any association with the wallet was promptly denied by both Donald Trump Jr. and Eric Trump. On X, Trump Jr. clarified that “The Trump Organization has zero involvement with this wallet product” and emphasized that neither he nor Eric had any knowledge of it. He also mentioned that their own initiative, World Liberty Financial, would soon introduce “our official wallet.” Echoing the sentiment, Eric Trump affirmed, “I run @Trump and I know nothing about this project!”
Despite the denials, the Trump Wallet website still lists Magic Eden as a collaborator, though the company’s exact level of involvement remains uncertain. Magic Eden’s co-founder Jack Lu addressed the alleged partnership in a post on X on Tuesday. The abrupt emergence of the wallet—alongside its viral social media presence, aggressive promotional strategies, and the Trump family’s firm disavowals—has fueled growing skepticism about the offering’s legitimacy and true purpose.
Following the announcement, TRUMP token prices saw a brief surge of over 3%, but began to decline as social media posts from Trump Jr. and Eric gained traction. The controversy has sparked wider discussions surrounding brand misuse, digital identity concerns, and the rising trend of unofficial cryptocurrency ventures leveraging the names of political figures and celebrities without formal association.
