Magic Eden and Trump Memecoin Team Launch Official Trump Crypto Wallet

June 3, 2025 – NFT marketplace Magic Eden has partnered with the creators of the Trump memecoin ($TRUMP) to launch what they describe as the official Trump-branded crypto wallet and trading app, according to a social media post and new website that went live on Tuesday.

The wallet, developed by GetTrumpMemes.com in collaboration with Magic Eden, is positioned as the exclusive hub for users engaging with the $TRUMP token, and includes features focused on token rewards and referral-based incentives.

Key Features and Incentives

Users who join the wallet’s waitlist are eligible for a sweepstakes giveaway involving 1 million $TRUMP tokens, currently valued at approximately $11.6 million. According to the website’s terms, the promotion begins today and will run until July 4, 2025.

On Independence Day, one randomly selected entrant who has referred at least one user will receive $100,000 worth of $TRUMP tokens.

The platform also incorporates a gamified referral program. Users who refer others gain access to “TRUMP Boxes” which vary in reward potential. For instance, referring 100 people qualifies the user for a Diamond TRUMP Box, which could include up to 200 $TRUMP tokens.

Controversy and Context

While the Trump-themed memecoin has attracted significant attention, it has also been the subject of growing criticism over its branding, speculative nature, and political associations. Despite this, the project continues to expand its ecosystem, using partnerships and promotional campaigns to boost user engagement.

Neither Donald Trump nor his campaign has officially commented on the extent of his involvement or endorsement of the wallet, though the branding suggests alignment with his name and persona.

Looking Ahead

The launch of the Trump wallet comes amid a broader surge in politically branded tokens and crypto projects leading into the 2024 US election cycle. With crypto policy becoming a talking point in national politics, projects like $TRUMP are navigating a thin line between pop culture influence and financial speculation.

As regulatory scrutiny intensifies around politically themed tokens, it remains to be seen how such projects will evolve — and whether wallets like this can maintain user trust and legal clarity moving forward.