Close Menu
Crypto Junction
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
What's Hot

EVAA: TON’s $1.4B DeFi Protocol Becomes Community-Owned DAO With $EVAA Token

October 15, 2025

Pardon for Binance CEO CZ? Trump’s Move Stuns Markets

October 14, 2025

China Tariff News Triggers Crypto Crash — Bitcoin Hits $102K!

October 14, 2025
Facebook X (Twitter) Instagram
  • Altcoin News
  • Bitcoin News
  • Dogecoin News
  • Ethereum News
  • Litecoin News
  • Meme Coin News
  • Solana News
  • XRP News
X (Twitter) Telegram
Crypto JunctionCrypto Junction
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
Crypto Junction
Home » Trump Crypto Wallet Launch Sparks Family Backlash
Meme Coins

Trump Crypto Wallet Launch Sparks Family Backlash

Alice MonroeBy Alice MonroeJune 16, 20253 Mins Read
Share Facebook Twitter Pinterest Reddit Telegram Email Bluesky Copy Link
Crypto circles were excited when the "Official Trump Crypto Wallet" was launched on June 3. It was advertised as a digital wallet designed for Trump supporters by Magic Eden and Fight Fight Fight LLC. The wallet included trading for Bitcoin, $TRUMP, and other currencies.
Share
Twitter Facebook Telegram Bluesky Pinterest Email Reddit Copy Link

Crypto circles were excited when the “Official Trump Crypto Wallet” was launched on June 3. It was advertised as a digital wallet designed for Trump supporters by Magic Eden and Fight Fight Fight LLC. The wallet included trading for Bitcoin, $TRUMP, and other currencies, as well as a $1 million giveaway. However, in a matter of hours, the Trump family disowned the wallet. They started a PR firestorm with coordinated denials.

Trump Family Denies Trump Crypto Wallet

Trump’s name and image were prominently displayed on the wallet’s website. However, family members immediately distanced themselves. Donald Trump Jr. stated that there was “zero involvement.” He disclosed that World Liberty Financial, the family’s own wallet, is still being developed. Barron Trump confirmed on social media that the family was caught off guard. Eric Trump had warned Magic Eden about the misuse of their brand. These disavowals point to internal conflicts over Trump’s online persona.

Associated With Conflicting Parties

Fight Fight Fight LLC and CIC Digital LLC, which jointly own 58% of $TRUMP tokens, are to blame for the mayhem. The Trump family asserts that these organisations have no operational control, despite their loose affiliation with the Trump Organisation. Magic Eden meanwhile, used Slingshot Finance-acquired infrastructure to construct the wallet. Although legal obligations probably silence the platform now, rumours of backchannel deals have been stoked. These rumours emerged after CEO Jack Lu’s recent dinner with Trump.

See also  BTC Price Rockets Up As BlackRock Dominates ETF Inflows

Reveals Dangerous Patterns

  • Data from chainalysis presents a concerning image:
  • $1.1 billion was pocketed by 58 wallets, the majority of which were institutional.

Losses occurred in over 764,000 retail wallets. Many of these wallets contained less than $500. The wallet attracted retail investors with promises of “Trump Rewards” boxes and special giveaways. Following the family’s denials, $TRUMP jumped 53% before plunging 19%. Insiders and algorithmic traders benefit from the swing. Meanwhile, average holders experience whiplash.

Trump’s Crypto Wallet Increases the Controversy

Confusion has previously been caused by a crypto project bearing the Trump name. Trump Media changed its mind about a $2.5 billion Bitcoin deal in May. The fact that the 2023 Trump NFT launch was licensed rather than official also caused controversy. The long-awaited World Liberty Financial platform has not yet been made public.

Legal professionals are now circling:

  • Bill Zanker, who owns $300 million in $TRUMP and runs Fight Fight Fight LLC, is the target of insider trading allegations.
  • The wallet’s $1 million giveaway, which is directly related to token activity, may be a violation of securities law.
  • Unauthorised use of Trump’s image raises the possibility of FTC violations.
See also  Trump Meme Coin Drops Despite WLF Investment Push

Investor Trust Is Shaken by Trump’s Crypto Wallet  Fallout 

The public’s trust fell apart. On the day of launch, Google Trends for “Trump Crypto Wallet” peaked before falling 87%. The sentiment of the Discord community shifted, with 73% of users expressing frustration. According to reports, the SEC has launched an investigation. Potential penalties range from $250 million in fines to restraining orders and token delisting.

NFT purchases are down 18% and 22% of $TRUMP token holders sold their holdings within a day of the denial. Consequently, the controversy may also harm Trump’s reputation.

$TRUMP Token Barron Trump Donald Trump Jr Eric Trump Trump Crypto Wallet Trump Memecoin Clash
Share. Twitter Facebook Telegram Email Bluesky Reddit Copy Link
Previous ArticleJames Wynn Crypto Liquidation Shocks Market
Next Article Shift4 CEO Leadership Changes After NASA Nomination Pulled
Alice Monroe
Alice Monroe

Alice Monroe is an Associate Writer at Crypto Junction, covering crypto trends, token marketing, and emerging blockchain projects with a focus on real market insights.

Related Posts

BNB

Pardon for Binance CEO CZ? Trump’s Move Stuns Markets

October 14, 2025
News

Roger Ver Faces $48M Reckoning—Will Bitcoin Jesus Escape Jail?

October 14, 2025
News

Piyush Goyal Sets Stage For India’s Digital Currency Revolution

October 14, 2025
– Advertisement –
Trending Posts

Silk Road Founder Ross Ulbricht Sentenced to Life in Prison Without Parole

May 29, 2015
Blockchain

Chintai Blockchain Powers $100M Real Estate Fund

May 21, 2025
News

Bitfarms Ltd Reports Steep Net Loss

May 17, 2025

Crypto Junction, founded in 2014, is one of the original and most trusted sources for cryptocurrency news and blockchain insights. We provide accurate, unbiased, and timely coverage of digital assets, market trends, and industry developments.

All content on Crypto Junction is for informational and educational purposes only and should not be considered financial, investment, or legal advice. Cryptocurrency investments are highly volatile and carry risks. Always conduct your own research before making financial decisions.

We're social. Connect with us:

X (Twitter) Telegram
Top Insights

EVAA: TON’s $1.4B DeFi Protocol Becomes Community-Owned DAO With $EVAA Token

October 15, 2025

Pardon for Binance CEO CZ? Trump’s Move Stuns Markets

October 14, 2025

China Tariff News Triggers Crypto Crash — Bitcoin Hits $102K!

October 14, 2025
ABOUT
  • About Us
  • Cookie Policy
  • Editorial Policy
  • Investment Disclaimer
  • Press and Media Kit
  • Terms of Service
  • Affiliate Disclosure
  • Contact Us
  • Crypto Marketing
  • Daily Digest News
Telegram X (Twitter)
  • Altcoin News
  • Bitcoin News
  • Dogecoin News
  • Ethereum News
  • Litecoin News
  • Meme Coin News
  • Solana News
  • XRP News
© 2025 Crypto Junction

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 113,237.34
ethereum
Ethereum (ETH) $ 4,072.60
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 1,106.31
xrp
XRP (XRP) $ 2.52
solana
Solana (SOL) $ 196.48
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 4,074.35
dogecoin
Dogecoin (DOGE) $ 0.204236
tron
TRON (TRX) $ 0.325083
cardano
Cardano (ADA) $ 0.680044
wrapped-steth
Wrapped stETH (WSTETH) $ 4,952.74
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 4,396.64
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 113,242.34
chainlink
Chainlink (LINK) $ 18.79
figure-heloc
Figure Heloc (FIGR_HELOC) $ 0.993581
ethena-usde
Ethena USDe (USDE) $ 0.999724
wrapped-eeth
Wrapped eETH (WEETH) $ 4,395.69
stellar
Stellar (XLM) $ 0.330353
hyperliquid
Hyperliquid (HYPE) $ 37.88
bitcoin-cash
Bitcoin Cash (BCH) $ 508.63
sui
Sui (SUI) $ 2.66
usds
USDS (USDS) $ 1.00
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998498
avalanche-2
Avalanche (AVAX) $ 20.74
weth
WETH (WETH) $ 4,074.71
leo-token
LEO Token (LEO) $ 8.97
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 113,360.37
hedera-hashgraph
Hedera (HBAR) $ 0.179617
litecoin
Litecoin (LTC) $ 96.17
usdt0
USDT0 (USDT0) $ 0.99998
shiba-inu
Shiba Inu (SHIB) $ 0.00001
whitebit
WhiteBIT Coin (WBT) $ 42.40
mantle
Mantle (MNT) $ 1.82
monero
Monero (XMR) $ 316.20
the-open-network
Toncoin (TON) $ 2.29
crypto-com-chain
Cronos (CRO) $ 0.151906
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.20
polkadot
Polkadot (DOT) $ 3.17
zcash
Zcash (ZEC) $ 292.38
dai
Dai (DAI) $ 0.999509
bittensor
Bittensor (TAO) $ 422.66
uniswap
Uniswap (UNI) $ 6.59
world-liberty-financial
World Liberty Financial (WLFI) $ 0.135329
aave
Aave (AAVE) $ 235.74
okb
OKB (OKB) $ 170.39
memecore
MemeCore (M) $ 2.10
susds
sUSDS (SUSDS) $ 1.07
ethena
Ethena (ENA) $ 0.46149
bitget-token
Bitget Token (BGB) $ 4.68
pepe
Pepe (PEPE) $ 0.000007
near
NEAR Protocol (NEAR) $ 2.34
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 243.12
paypal-usd
PayPal USD (PYUSD) $ 1.00
usd1-wlfi
USD1 (USD1) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 16.49
c1usd
Currency One USD (C1USD) $ 0.997538
binance-peg-weth
Binance-Peg WETH (WETH) $ 4,082.36
ondo-finance
Ondo (ONDO) $ 0.772613
aptos
Aptos (APT) $ 3.36
aster-2
Aster (ASTER) $ 1.18
falcon-finance
Falcon USD (USDF) $ 0.992487
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 5.55
tether-gold
Tether Gold (XAUT) $ 4,140.43
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.203672
worldcoin-wld
Worldcoin (WLD) $ 0.954298
htx-dao
HTX DAO (HTX) $ 0.000002
gatechain-token
Gate (GT) $ 15.96
story-2
Story (IP) $ 5.72
arbitrum
Arbitrum (ARB) $ 0.332521
usdtb
USDtb (USDTB) $ 0.998103
rocket-pool-eth
Rocket Pool ETH (RETH) $ 4,664.32
hash-2
Provenance Blockchain (HASH) $ 0.035648
kucoin-shares
KuCoin (KCS) $ 13.79
internet-computer
Internet Computer (ICP) $ 3.26
binance-staked-sol
Binance Staked SOL (BNSOL) $ 211.29
pi-network
Pi Network (PI) $ 0.207762
algorand
Algorand (ALGO) $ 0.192485
cosmos
Cosmos Hub (ATOM) $ 3.35
chainopera-ai
ChainOpera AI (COAI) $ 8.17
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 4,303.63
vechain
VeChain (VET) $ 0.018124
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 4,300.46
kaspa
Kaspa (KAS) $ 0.054659
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.023332
pump-fun
Pump.fun (PUMP) $ 0.004085
liquid-staked-ethereum
Liquid Staked ETH (LSETH) $ 4,342.22
kinetic-staked-hype
Kinetiq Staked HYPE (KHYPE) $ 37.98
wbnb
Wrapped BNB (WBNB) $ 1,108.21
sky
Sky (SKY) $ 0.061429
flare-networks
Flare (FLR) $ 0.018421
render-token
Render (RENDER) $ 2.67
pax-gold
PAX Gold (PAXG) $ 4,141.82
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 113,018.28
bfusd
BFUSD (BFUSD) $ 1.00
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 4,333.15
sei-network
Sei (SEI) $ 0.204244
syrupusdc
Syrup USDC (SYRUPUSDC) $ 1.13
official-trump
Official Trump (TRUMP) $ 6.05