In the late night raid, the Trump family is going to launch a crypto wallet?

Author: Bright, Foresight News

At 0:42 on June 4, a major news broke out in the air to encrypt the circle. According to the well-known financial account Walter Bloomberg, Trump will launch his branded crypto wallet and trading app to encourage his supporters to buy Meme coins and other crypto assets.

Walter Bloomberg is a well-known financial account on X/Twitter, which has nothing to do with Bloomberg. But the main content it publishes comes from Bloomberg terminal, which is a paid subscription service launched by Bloomberg, and Walter Bloomberg will repost the news title of Bloomberg terminal. Due to the timeliness and accuracy of Walter Bloomberg's past tweets, the message was quickly spread.

Then at 1:35, Magic Eden posted another "true hammer". ME said: "Big News! Trump's official wallet is about to be launched! Join the free waitlist and you will have the opportunity to share the $1 million reward of $TRUMP!" At the same time, he did not forget to indicate his identity, "$TRUMP Wallet is Powered by Magic Eden."

In the details of Trumpwallet.com's official website, it is also stated that the wallet is provided by Magic Eden. It also shows that the promotion of registering a wallet to draw 100,000 Trumps was sponsored by Slingshot Finance.

Once the tweet was issued, Magic Eden's 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 registered this morning.

According to the encrypted KOL, the wallet is currently in the registration stage and has no practical application. The fission form mainly relies on invitations to attract new people. You must fill in your email address and mobile phone number when registering Trumpwallet. Gmail cannot receive the verification code, but unexpectedly, the email address in mainland China meets the requirements.

However, Trumpwallet is very sly hiding the KYC terms in the unremarkable "extra terms". In fact, only American adult citizens were able to participate in the lottery. This quickly hit the enthusiasm of the Maozhu army.

At 2:18, Trump's eldest son, WLFI, clarified on X that "Trump Group has no connection with this wallet product (developed in collaboration with TRUMP Meme). Eric Trump and I have no idea about this. Please stay tuned - World Liberty Financial, which we have been working hard to advance, will soon launch our official wallet."

Trump's second son also stated: "This project is not authorized by the Trump Group. MagicEden would be very careful if he uses our name in an unauthorized project and no one in our organization knows it."

Since Trump's eldest and second son made statements, the price of ME tokens has fallen by nearly 20%. For a moment, Trumpwallet became an embarrassing situation where Trump meme official account and Magic Eden pushed hard, and the Trump family denied it. It can be seen that the Trump meme team does not seem to be the same group as the team led by Eric, which led Eric Trump, the head of the Trump family's encryption, to jump out and pull up 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 Trump's IP to get a share of the pie.

This morning, Trumpwallet's official X account was banned. At present, the Trumpwalle official website can continue to register. Magic Eden's "Big News" post has not been deleted, but has been attached with a clarification post about Trump's eldest son.

However, the Trump family has not stopped making money. US SEC documents on June 4 show that Trump's social platform Truth Social submitted a Bitcoin ETF application "unprofessional". If there is really a Trumpwallet recognized by the Trump family, it means that there is very little left in the Trump family's business that has not been involved in the encryption field.