Eric Trump Shuts Down Claims of Family Ties to Mystery Trump Wallet Spotted on Magic Eden
Another day, another crypto controversy—this time with a presidential twist. Eric Trump just slammed rumors linking the Trump family to an alleged ’Trump Wallet’ discovered on Solana NFT platform Magic Eden (ME).
No evidence, no admission—just the usual blend of denials and intrigue that follows anything touching politics or crypto these days. Meanwhile, traders are already speculating whether this is a rug pull in disguise or just another case of ’celebrity’ wallets magically appearing during election cycles.
Funny how these things happen when attention—and trading volume—start to dip.
Magic Eden (ME), an established solana (SOL)-based NFT marketplace, announced on Tuesday, during the mid-North American session, that it intends to launch a crypto wallet for Trump fans. According to an X post, Magic Eden announced that crypto enthusiasts can join the free waitlist for a chance to win a share of $1 million in $TRUMP.
According to the official website for the trumpwallet powered by Magic Eden, the project partnered with the OFFICIAL TRUMP memecoin, which is backed by U.S. President Donald Trump.
“Yes! This is the Official $TRUMP Wallet by President Trump. Magic Eden partnered with GetTrumpMemes.com to create the first and only $TRUMP Wallet. Have Fun,” the FAQ noted.
An Epic Denial From Eric Trump
As soon as the news for the Trumpwallet launch hit major headlines, Eric Trump, the Executive Vice President of the TRUMP Organization, announced that he knew nothing about such a partnership with Magic Eden.
The announcement created more confusion among the crypto community, with some accusing Magic Eden of orchestrating a large-scale scam.
I run @Trump and I know nothing about this project! @worldlibertyfi $Trump @AmericanBTC https://t.co/AnlQAKDcqf
— Eric Trump (@EricTrump) June 3, 2025Market Impact
Following the announcement, Magic Eden’s native token rallied over 28 percent to reach a daily local high of about $1.15. However, the ME’s rally was short-lived as the token retraced towards $1 at the time of this writing, following the denial announcement by Eric Trump.
The demand for ME tokens, nonetheless, experienced a sharp uptick as shown by its daily average trading volume, which hovered about $192 million compared to its market cap of around $154 million.
