Original author: Bright, Foresight News
At 0:42 on June 4, a piece of heavy news hit the crypto community. According to the well-known financial account Walter Bloomberg, Trump will launch his own branded crypto wallet and trading application to encourage his supporters to buy Meme coins and other crypto assets.
Walter Bloomberg is a well-known financial account on X/Twitter. The account has nothing to do with Bloomberg. However, the content it publishes mainly comes from Bloomberg Terminal, which is a paid subscription service launched by Bloomberg. Walter Bloomberg will relay the news headlines from Bloomberg Terminal. Due to the timeliness and accuracy of Walter Bloombergs past tweets, the news spread quickly.
Then at 1:35, Magic Eden posted another hard hammer. ME said: Big news! Trumps official wallet is coming soon! Join the free waiting list and you will have a chance to share the $1 million reward from $TRUMP! At the same time, he did not forget to state his identity, $TRUMP Wallet is powered by Magic Eden.
The details on the Trumpwallet.com official website also state that the wallet is provided by Magic Eden. It also states that the promotion of registering a wallet to win 100,000 Trumps is sponsored by Slingshot Finance.
As soon as the tweet was sent out, Magic Edens native token ME rose by 40%. Within half an hour, the number of registered users of Trumpwallet exceeded 25,000, and more than 80,000 people have registered this morning.
According to crypto KOLs, the wallet is currently in the registration stage and has no actual application. The fission form mainly relies on invitations to attract new users. When registering Trumpwallet, you must fill in your email address and mobile phone number. Gmail cannot receive a verification code, but surprisingly, email addresses in mainland China all meet the requirements.
However, Trumpwallet cunningly hid the KYC clause in the inconspicuous additional terms. In the end, only adult citizens of the United States could participate in the lottery. This quickly dampened the enthusiasm of the army of people who wanted to get the lottery.
At 2:18 a.m., Donald Trump Jr., Trump’s eldest son and co-founder of WLFI, issued a statement on X to clarify that “The Trump Organization has no connection with this wallet product (Magic Eden co-developed with TRUMP Meme). Eric Trump and I know nothing about it. Please stay tuned - World Liberty Financial, which we have been working hard to promote, will soon launch our official wallet.”
Trumps second son also stated: This project is not authorized by the Trump Organization. I would be very careful if MagicEden used our name in an unapproved project and no one in our organization knew about it.
Since the eldest and second sons of Trump made their statements, the price of the ME token has fallen back by nearly 20%. For a time, Trumpwallet became the official account of Trump meme and Magic Eden pushed it hard, and the Trump family was in an embarrassing situation of flatly denying it. It can be seen that the Trump meme team does not seem to be the same group of people as the team led by Eric, which led to Eric Trump, the head of encryption of the Trump family, immediately jumping out to pull other accounts to clarify that this Trumpwallet has nothing to do with the Trump Group. This also reflects the current chaos in the management of various related interest groups of President Trump. Everyone wants to take advantage of Trumps IP and take advantage of this wave of encryption to get a share.
This morning, Trumpwallets official account X has been banned. Currently, registration is still available on the Trumpwalle official website. Magic Edens Big News post has not been deleted, but a clarification post from Trumps eldest son has been attached.
However, the Trump family has not stopped making money. The US SEC document on June 4 showed that Trumps social platform Truth Social did not do its job and submitted a Bitcoin ETF application. If a Trumpwallet approved by the Trump family is really released, it means that the Trump familys business in the crypto field that has not been involved is almost gone.
