The launch of the Trump memecoin wallet has been thrown into “absolute chaos” because the Trump family organization was unaware of it. Here’s what happened:
On June 3, both the non – fungible token marketplace Magic Eden and the team behind President Trump’s meme coin, Official Trump (TRUMP), announced that they were partnering to launch “the official $TRUMP wallet”. However, Donald Trump Jr. said that the Trump Organization, which oversees Trump’s extensive real estate and business interests, “has zero involvement with this wallet product” and that he knows “nothing about it”. He added that the family’s crypto platform, World Liberty Financial, “will be launching our official wallet soon”. Eric Trump also said the wallet “is not authorized by Trump” and warned Magic Eden to “be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization”.
The Trump wallet website describes it as the “official $TRUMP wallet by President Trump” and says that “Magic Eden partnered with gettrumpmemes.com” for its upcoming launch. The website is owned by Fight Fight Fight LLC, which is co – owned by a company affiliated with the Trump Organization called CIC Digital LLC. American businessman Bill Zanker is listed on documents for Fight Fight Fight LLC and also holds a substantial quantity of Trump tokens through CIC Digital. Zanker is part of the team that helped launch the Trump meme coin and various Trump – backed NFT collections.
Crypto skeptic Molly White, who first reported on the wallet, called the situation “absolute chaos” and speculated that there is a breakdown in communication between the various crypto – related Trump – linked businesses. As of now, the Trump token team, Magic Eden, and the platform’s CEO, Jack Lu, who also posted about the wallet, have not publicly made a statement on the matter.
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