Trump’s $TRUMP wallet launches with Magic Eden

News Image

MG News | June 04, 2025 at 03:23 PM GMT+05:00

0:00

June 04, 2025 (MLN): President Donald Trump’s team has partnered with Magic Eden, a prominent non-fungible token (NFT) marketplace, to launch an official $TRUMP-branded cryptocurrency wallet.

Named the $TRUMP Wallet, the product will feature the president’s name and likeness and will support trading of $TRUMP and other digital assets, including bitcoin.

The wallet’s waitlist opened Tuesday at TrumpWallet.com, with a broader launch planned for later this summer, according to a Magic Eden spokesperson.

Despite the announcement, Eric Trump, who leads several of his father’s crypto ventures, denied any knowledge of the project on social media, stating, “I run @Trump and I know nothing about this project!” The official TrumpMeme X account reposted Magic Eden’s wallet announcement.

Magic Eden did not provide additional comments when CNBC sought clarification regarding Eric Trump’s denial and referred to the TrumpMeme X repost.

CNBC also reached out to the $TRUMP token team about partnership terms, revenue-sharing, and KYC requirements but did not receive immediate responses, as CNBC reported.

Promoted as “the first and only crypto wallet for true Trump fans,” the $TRUMP Wallet offers users a chance to share in $1 million in $TRUMP rewards through a gamified promotion where users climb a waitlist by signing up and referring friends.

This effort marks the latest attempt to boost inflows into Trump-affiliated crypto ventures, further expanding the president’s footprint in the digital asset industry.

The Trump family’s crypto portfolio already includes NFTs, a stablecoin, a decentralized finance platform with its own virtual token, and meme coins named after the president and the First Lady.

They also have plans for crypto exchange-traded funds through Truth Social’s financial arm, TruthFi.

Magic Eden raised over $150 million from investors such as Paradigm, Greylock, Lightspeed Venture Partners, and Sequoia between March and June 2022.

The company, whose CEO attended a recent Trump fundraiser, is reportedly building the $TRUMP Wallet on top of Slingshot Finance, a self-custodial trading app it acquired in April.

Slingshot supports meme tokens like BONK and FARTCOIN and does not directly collect user identity data, instead relying on MoonPay, its fiat on-ramp provider, for identity checks.

It remains unclear whether the $TRUMP Wallet will require separate KYC procedures or how revenue and responsibilities will be shared between Magic Eden and Trump-affiliated entities.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 141,034.99
304.55M
1.18%
1644.56
ALLSHR 87,318.24
607.11M
1.23%
1057.27
KSE30 43,334.54
168.35M
1.68%
715.94
KMI30 201,116.98
176.63M
2.14%
4209.12
KMIALLSHR 58,357.22
362.26M
1.89%
1080.35
BKTi 38,265.16
18.85M
1.18%
444.89
OGTi 29,938.42
82.25M
6.11%
1723.79
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 114,265.00 117,125.00
113,440.00
-3170.00
-2.70%
BRENT CRUDE 69.52 72.00
69.40
-2.18
-3.04%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.26 69.58
67.05
-2.00
-2.89%
SUGAR #11 WORLD 16.20 16.42
16.12
-0.15
-0.92%

Chart of the Day


Latest News
August 01, 2025 at 08:17 PM GMT+05:00

SCRA records Rs.3.74 bn net sale of securities


August 01, 2025 at 05:45 PM GMT+05:00

CCP cracks down on fan manufacturers


August 01, 2025 at 05:19 PM GMT+05:00

PSX Closing Bell: Stronger Than Yesterday


August 01, 2025 at 04:28 PM GMT+05:00

Nishat Group joins hands with Chery to build EVs in Pakistan


August 01, 2025 at 04:18 PM GMT+05:00

Gold price in Pakistan falls Rs100 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg