Trump Crypto Wallet Launch in Disarray as Family Disowns Project

Trump Crypto Wallet Launch in Disarray as Family Disowns Project

Donald Trump’s Sons Disavow Memecoin Wallet as “Unauthorized”

A crypto project tied to Donald Trump spiraled into public disarray this week after the announcement of a Trump-branded digital wallet was immediately disavowed by the former president’s own family.

On June 3, NFT marketplace Magic Eden and the team behind the Trump memecoin ($TRUMP) jointly revealed plans to launch the “Official $TRUMP Wallet.” However, the Trump family quickly distanced itself from the product, calling the announcement unauthorized and confusing.

Donald Trump Jr. was unequivocal in his denial, stating the Trump Organization has “zero involvement” with the wallet. He added that the family’s official crypto platform, World Liberty Financial, is still developing its own wallet.

His younger brother Eric Trump echoed the warning, urging Magic Eden to “be extremely careful” when associating the Trump name with products that are neither approved nor known by anyone in the Trump business network.

Adding further weight, Barron Trump — typically silent on public platforms — made his first-ever post on X (formerly Twitter) to deny any family connection to the wallet.

Confusion and Silence from Project Organizers

The wallet project, branded as the “Official $TRUMP Wallet by President Trump,” is being promoted through a website claiming a partnership between Magic Eden and GetTrumpMemes.com. That domain is owned by Fight Fight Fight LLC, which is partially controlled by CIC Digital LLC, an entity affiliated with the Trump Organization.

Despite these links, the public disavowals suggest a fracture among factions involved in Trump’s crypto ventures. Notably, Magic Eden, GetTrumpMemes.com, and its CEO Jack Lu have not issued any clarifications.

Crypto critic Molly White, who first reported on the confusion, described the situation as “absolute chaos,” noting the lack of coordination across Trump-associated crypto projects.

Bill Zanker and the Business Behind the Wallet

Businessman Bill Zanker, who helped launch the TRUMP memecoin and several Trump-backed NFT projects, is listed on filings for Fight Fight Fight LLC. Zanker reportedly holds a large portion of the TRUMP token supply via CIC Digital and is working on a Monopoly-style game blending gaming with crypto.

The incident marks another chapter in the murky and often contradictory nature of Trump-branded crypto efforts.

Trump’s Crypto Confusion Continues

This is not the first time the Trump brand has created confusion in the crypto sector. On May 26, Trump Media and Technology Group (behind Truth Social) denied a Financial Times report claiming it planned to raise $3 billion to invest in Bitcoin and crypto assets. Just one day later, the firm reversed its stance, confirming a $2.5 billion raise — comprised of $1.5 billion in stock sales and $1 billion in convertible senior secured bonds.