Magic Eden Launches TRUMP Wallet With Partnership for Cryptocurrency Trading
Magic Eden has partnered with the team behind Donald Trump's memecoin to launch the TRUMP-branded cryptocurrency wallet. The TRUMP Wallet will support trading of the TRUMP token and other digital assets, including Bitcoin.
Waitlist and Controversy
- The waitlist opened at TrumpWallet.com, with a wider launch anticipated this summer.
- The project promotes itself as "the first and only crypto wallet for true Trump fans," offering $1 million in memecoin rewards to participants.
- Eric Trump publicly stated he is unaware of the project and warned about unauthorized use of their name.
KYC and Partnership Details
- Further details on revenue-sharing and Know Your Customer (KYC) requirements are unclear.
- The initiative aims to enhance engagement in Trump-related cryptocurrency projects.
- The Presidential family’s crypto portfolio includes various digital assets, NFTs, and stablecoins.
The TRUMP Wallet will be built on Slingshot Finance, which does not directly collect user identity information; this is managed by MoonPay. Currently, the TRUMP memecoin trades at $11, having lost 12% over seven days and 21% over fourteen days.
