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Trump’s Team ‘Knows Nothing’ About Apparent ‘$TRUMP Wallet’ Launch
A representative for the Trump Organization distanced the group from a new crypto app branded with the former president’s name.
Updated Jun 3, 2025, 8:46 p.m. Published Jun 3, 2025, 7:07 p.m.
What to know:
- A Trump Organization representative said the group has no knowledge of the $TRUMP Wallet project, even after Magic Eden's CEO announced the partnership.
- The app’s website says users will be able to trade and hold digital assets and invites them to join a waitlist.
- Trump has previously been linked to crypto projects including memecoins and a stablecoin platform.
A representative of the Trump Organization said the group “knows nothing” about a crypto wallet project called the “$TRUMP Wallet,” despite the app’s branding and claims being tied to the U.S. president.
“The Trump Organization knows nothing about this project," a spokesperson for the Trump Organization told CoinDesk.
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Meanwhile, an X account linked to the President’s memecoins said that the wallet was “coming soon,” even after several of his representatives denied the rumors.
The app, according to its sparse but live website, promises users the ability to hold and trade digital assets. It includes no technical documentation or launch timeline but features a waitlist for early access. Magic Eden, the crypto marketplace reportedly involved in the project, had confirmed the project through a post by its CEO Jack Lu on X.
U.S. President Donald Trump has leaned into crypto since reentering the political arena ahead of last year's election. Past initiatives tied to Trump include World Liberty Financial, a stablecoin venture, and the meme tokens Trump Coin and Melania Coin, both of which launched before his 2025 inauguration.
According to the wallet's website, Magic Eden is working with GetTrumpMemes.com, the website behind the Trump memecoin.
Donald Trump Jr., one of the president's children, also said in an X post that the organization has "zero involvement with this wallet product," but that World Liberty will "soon" launch its own wallet. His youngest son, Barron Trump, also denied the partnership.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
UPDATE (June 8, 19:24 UTC): Adds X post by Barron Trump denying the partnership.
UPDATE (June 8, 20:46 UTC): Adds X post by account affiliated with Trump’s memecoins.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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