SCOOP: Trump to launch branded crypto wallet and trading application, encouraging his supporters to purchase his memecoin and other crypto assets.
SCOOP: Trump to launch branded crypto wallet and trading application, encouraging his supporters to purchase his memecoin and other crypto assets.
Though the project has yet to be announced by either the Trump team or Magic Eden, a waitlist signup was briefly visible on the TrumpWallet.com domain, suggesting launch is imminent. Terms of the partnership, including which Trump entities are involved, are not disclosed.
A Trump crypto wallet is only the latest in a long and ever growing list of Trump crypto ventures, which have raised alarms among ethics watchdogs, members of Congress, and even some of Trump’s crypto world fans.
Details about the app are scarce, but it’s likely to rely on similar technology to the crypto trading app Slingshot, which was acquired by Magic Eden in April.
Magic Eden and Trump have some history prior to this deal, with several executives attending his memecoin dinner in late May, and a partnership pertaining to Trump NFTs last year.
The deal raises additional regulatory questions, especially as decentralized finance apps are being explicitly carved out from regulatory oversight by Trump-championed crypto bills being considered in Congress as we speak.
Magic Eden and spokespeople for President Trump did not immediately respond to inquiries about the project.
UPDATE: Since I published, the waitlist website has added a segment reading “Magic Eden partnered with GetTrumpMemes.com to create the first and only $TRUMP Wallet”. This suggests it is indeed Fight Fight Fight LLC (Bill Zanker) behind it.
Official announcement has come out from Magic Eden. No promotion yet from Trump’s end.
@molly0xfff It's lies all the way down. So basically 'which liar gets out of the gate first and takes in the most suckers'.
'This is not our scam, this is a different scam, our scam will be out soon.'
@onelson @molly0xfff the AI diet
Also, is this shady? It seems shady 🙃
@FlockOfCats @onelson @molly0xfff
Seems likely to be found on Grandma's desktop. Beneath 300 layers of pop-ups and search bar add-ons but above the desktop kitten background...
Speaking of Trump's end, he's a few stones heavier than in that fake picture.
@molly0xfff lol whose body is that, because DJT never looked like that
It's so funny bc when they do this all it really does is emphasize how much he does NOT look like that
@mathcolorstrees @molly0xfff it’s always a bit wild that they always take off like 150 pounds off the man.
Of course I remember 8 years ago when they’d comment on a video where he’s clearly reading from a teleprompter that he doesn’t read from a teleprompter unlike Obama.
Not a cult.
@molly0xfff So it's just the infrastructure for a gigantic and easily foreseen theft.
Is Trump planning to "Papa Doc" the US Treasury too?
@molly0xfff OFC the #CryptoBros gonna push for some shite like that.
@molly0xfff we'll all hear about it when the introductory message is pushed through the Wireless Emergency Alert system.
(Frankly, I was shocked he didn't use it during his first term during the insurrection {pro})
@molly0xfff I wonder how far Trump would have gotten in life if he really DID have the head of an 80 year old back when his torso was 40...
People can be very superficial.