Trump Sons Deny Involvement in Magic Eden’s ’Trump Wallet’ Amid Memecoin Promotion

Eric TRUMP and Donald Trump Jr. have publicly distanced themselves from Magic Eden’s announced partnership to develop a ’Trump Wallet,’ despite the NFT marketplace’s insistence on the collaboration’s legitimacy. The wallet, promoted with a $1 million TRUMP memecoin referral campaign, claims to cater to supporters of former President Donald Trump, listing Magic Eden and Slingshot Finance as partners.

The Trump brothers clarified they have no knowledge of the project, with Eric Trump emphasizing their exclusive involvement with World Liberty Financial’s upcoming wallet. Magic Eden’s leadership, including business lead Liz A and community head Cole McMillian, confirmed the authenticity of the announcement, dismissing speculation about hacked social media accounts.

The situation highlights the intersection of political branding and cryptocurrency ventures, with Magic Eden navigating heightened legal scrutiny. The firm’s Discord communications underscore the delicate balance between promotional ambition and regulatory compliance in the memecoin space.