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  Trump Meme Coin Drops Despite WLF Investment Push

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  Ethereum Foundation’s New Treasury Policy Blueprint

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
News

Ethereum Foundation Launches Roadmap For End-to-End Privacy

September 16, 2025
Markets

WindTree Therapeutics Plunges 77% After Nasdaq Delisting Notice

August 26, 2025
Business

Trump Media & Technology Group Launches Truth Plus

May 1, 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) $ 109,750.41
ethereum
Ethereum (ETH) $ 3,921.15
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 1,083.38
xrp
XRP (XRP) $ 2.43
solana
Solana (SOL) $ 186.88
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,914.48
tron
TRON (TRX) $ 0.323072
dogecoin
Dogecoin (DOGE) $ 0.196861
cardano
Cardano (ADA) $ 0.653
wrapped-steth
Wrapped stETH (WSTETH) $ 4,741.45
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 109,441.32
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 4,220.38
figure-heloc
Figure Heloc (FIGR_HELOC) $ 0.997315
chainlink
Chainlink (LINK) $ 18.16
ethena-usde
Ethena USDe (USDE) $ 1.00
wrapped-eeth
Wrapped eETH (WEETH) $ 4,210.67
stellar
Stellar (XLM) $ 0.318841
hyperliquid
Hyperliquid (HYPE) $ 36.27
bitcoin-cash
Bitcoin Cash (BCH) $ 482.07
usds
USDS (USDS) $ 1.00
sui
Sui (SUI) $ 2.53
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
avalanche-2
Avalanche (AVAX) $ 20.08
weth
WETH (WETH) $ 3,911.75
leo-token
LEO Token (LEO) $ 8.96
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 109,268.28
hedera-hashgraph
Hedera (HBAR) $ 0.174203
litecoin
Litecoin (LTC) $ 93.84
usdt0
USDT0 (USDT0) $ 1.00
shiba-inu
Shiba Inu (SHIB) $ 0.00001
whitebit
WhiteBIT Coin (WBT) $ 41.18
monero
Monero (XMR) $ 314.31
the-open-network
Toncoin (TON) $ 2.25
mantle
Mantle (MNT) $ 1.76
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.20
crypto-com-chain
Cronos (CRO) $ 0.146982
dai
Dai (DAI) $ 1.00
polkadot
Polkadot (DOT) $ 3.04
zcash
Zcash (ZEC) $ 276.97
bittensor
Bittensor (TAO) $ 406.56
uniswap
Uniswap (UNI) $ 6.36
world-liberty-financial
World Liberty Financial (WLFI) $ 0.130975
susds
sUSDS (SUSDS) $ 1.08
memecore
MemeCore (M) $ 2.09
okb
OKB (OKB) $ 165.96
aave
Aave (AAVE) $ 224.05
bitget-token
Bitget Token (BGB) $ 4.60
ethena
Ethena (ENA) $ 0.446727
pepe
Pepe (PEPE) $ 0.000007
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
near
NEAR Protocol (NEAR) $ 2.27
paypal-usd
PayPal USD (PYUSD) $ 0.999385
usd1-wlfi
USD1 (USD1) $ 0.999694
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 230.35
ethereum-classic
Ethereum Classic (ETC) $ 16.02
c1usd
Currency One USD (C1USD) $ 0.997538
binance-peg-weth
Binance-Peg WETH (WETH) $ 3,901.43
ondo-finance
Ondo (ONDO) $ 0.737015
aptos
Aptos (APT) $ 3.19
aster-2
Aster (ASTER) $ 1.13
falcon-finance
Falcon USD (USDF) $ 0.997774
tether-gold
Tether Gold (XAUT) $ 4,179.44
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 5.39
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.199222
worldcoin-wld
Worldcoin (WLD) $ 0.914626
hash-2
Provenance Blockchain (HASH) $ 0.038104
htx-dao
HTX DAO (HTX) $ 0.000002
gatechain-token
Gate (GT) $ 15.71
usdtb
USDtb (USDTB) $ 1.00
story-2
Story (IP) $ 5.52
kucoin-shares
KuCoin (KCS) $ 13.36
arbitrum
Arbitrum (ARB) $ 0.318023
rocket-pool-eth
Rocket Pool ETH (RETH) $ 4,467.17
pi-network
Pi Network (PI) $ 0.204345
internet-computer
Internet Computer (ICP) $ 3.14
binance-staked-sol
Binance Staked SOL (BNSOL) $ 202.01
algorand
Algorand (ALGO) $ 0.182779
cosmos
Cosmos Hub (ATOM) $ 3.27
vechain
VeChain (VET) $ 0.01745
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 4,110.79
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 4,105.59
chainopera-ai
ChainOpera AI (COAI) $ 7.47
kaspa
Kaspa (KAS) $ 0.052763
sky
Sky (SKY) $ 0.059854
wbnb
Wrapped BNB (WBNB) $ 1,079.73
liquid-staked-ethereum
Liquid Staked ETH (LSETH) $ 4,146.09
pax-gold
PAX Gold (PAXG) $ 4,184.92
kinetic-staked-hype
Kinetiq Staked HYPE (KHYPE) $ 36.31
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.021929
pump-fun
Pump.fun (PUMP) $ 0.003868
bfusd
BFUSD (BFUSD) $ 1.00
flare-networks
Flare (FLR) $ 0.017329
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 109,576.36
render-token
Render (RENDER) $ 2.54
syrupusdc
Syrup USDC (SYRUPUSDC) $ 1.13
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 4,135.22
sei-network
Sei (SEI) $ 0.196967
quant-network
Quant (QNT) $ 81.72