Late Night Raid, Is the Trump Family Launching a Cryptocurrency Wallet?

Original Article Title: "Late-night Raid, Trump Family to Launch Cryptocurrency Wallet?"

Original Article Author: Bright, Foresight News

At 12:42 AM on June 4th, a bombshell announcement rocked the crypto community. According to the well-known financial account Walter Bloomberg, Trump is set to release his branded cryptocurrency wallet and trading app, encouraging his supporters to purchase Meme coins and other crypto assets.

Walter Bloomberg is a prominent financial account on X/Twitter, not affiliated with Bloomberg. However, the main content it posts is sourced from the Bloomberg Terminal, a premium subscription service offered by Bloomberg. Due to the timeliness and accuracy of Walter Bloomberg's past tweet messages, this news quickly spread.

Then at 1:35 AM, Magic Eden posted another "smoking gun." ME stated, "Major News! The official Trump wallet is about to be released! Join the free waiting list for a chance to share a $1 million $TRUMP reward!" While also not forgetting to declare its identity, "$TRUMP Wallet is Powered by Magic Eden."

In the details on Trumpwallet.com's official website, it is also stated that the wallet is provided by Magic Eden. It also indicated that the promotional activity of registering a wallet to win 100,000 Trump tokens is sponsored by Slingshot Finance.

Upon the tweet's release, Magic Eden's native token ME immediately surged by 40%. Within half an hour, the number of Trumpwallet registrations exceeded 25,000, and this morning it had exceeded 80,000 registrations.

According to crypto Key Opinion Leaders (KOL) summaries, the wallet is currently in the registration stage and has no actual application yet. The referral form relies mainly on invite-based user acquisition. When registering for Trumpwallet, an email and phone number are required. Gmail does not receive the verification code, but surprisingly, mainland Chinese email addresses all meet the requirements.

However, Trumpwallet cunningly hid the KYC clause in the inconspicuous "Additional Terms." In the end, only adult U.S. citizens were actually able to participate in the lottery. This quickly dampened the enthusiasm of the meme army.

At 2:18 AM, Donald Trump Jr., co-founder of WLFI, swiftly clarified in a post that "The Trump Organization has no affiliation with this wallet product (developed in collaboration with Magic Eden for TRUMP Meme). Eric Trump and I have no knowledge of this. Please stay tuned — our official wallet for World Liberty Financial that we have been diligently working on will be launched soon."

Trump's second son also stated, "This project was not authorized by the Trump Organization. If MagicEden uses our name in an unauthorized project and no one in our organization knows, I will be very cautious."

After statements from Trump's sons, the ME token price corrected by nearly 20%. Suddenly, Trumpwallet became the subject of endorsements by the Trump meme official account and Magic Eden, putting the Trump family in an awkward position of denial. It appears that the Trump meme team is not the same group as Eric's leadership team, leading to Eric Trump, the Trump family's crypto head, promptly stepping forward to clarify that Trumpwallet is not associated with the Trump Organization. This also reflects the chaotic management of various interest groups related to former President Trump, with everyone trying to leverage Trump's IP during this crypto wave.

This morning, the official account of Trumpwallet's X has been banned. Currently, registration on the Trumpwallet website is still available. The "Major News" post by Magic Eden has not been removed; however, it has been appended with the clarification post from Trump's eldest son.

However, the Trump family has not stopped its money-making pace. In a June 4th SEC filing, it was revealed that Trump's social platform, Truth Social, "not minding its own business," submitted a Bitcoin ETF application. If a Trump family-endorsed Trumpwallet does come out, it would mean that the Trump family has few remaining businesses in the crypto field that have not been ventured into.

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