The Trump family is once again making waves in the crypto world with the announcement of a new project known as the Trump Wallet. However, the sons of Donald Trump assert that they have no connection to this wallet.
New Trump Crypto Wallet
The Trump Wallet is marketed as the "first and only crypto wallet for true Trump fans". Developed in collaboration with Magic Eden, a leading player in the NFT space, it operates on the Solana blockchain. The wallet provides access to the $TRUMP token and other digital assets like Bitcoin. Users can sign up at Trumpwallet.com and enter a drawing for rewards totaling $1 million, distributed via a referral system.
Trump Sons Distance Themselves from Project
Donald Trump Jr., Eric Trump, and Barron Trump have publicly distanced themselves from the project. Donald Jr. stated, "The Trump Organization has zero involvement with this wallet product," while Eric was more direct, saying, "I run @Trump and I know nothing about this project!" Barron also clarified that the family has "zero involvement with this wallet."
Doubts and Speculations in the Crypto Community
The denial from the heirs raises questions in the crypto community. Many believe the project may be exploiting the Trump brand for profit. The promotion of the $TRUMP cryptocurrency through an account related to the meme coin adds to the speculation. Additionally, the lack of strict KYC processes on the promotional site increases distrust towards the project.
The launch of the Trump Wallet signifies a new chapter in the crypto industry while posing many questions about the legitimacy of the project and its association with the Trump family. The emerging doubts may impact crypto enthusiasts' trust in this innovation.
