Overview
- Eric Trump declared on X that Magic Eden’s proposed $TRUMP Wallet has no authorization from the Trump family or its organization.
- World Liberty Financial’s legal team has sent cease-and-desist letters to Magic Eden and GetTrumpMemes.com over the use of the Trump name.
- The contested wallet was developed by Magic Eden and GetTrumpMemes.com, which is owned by Trump associate Bill Zanker’s Florida LLC Fight Fight Fight.
- Data from Chainalysis show the $TRUMP memecoin netted its creators $320 million in fees, leaving most retail traders with losses.
- The Trump family’s own crypto wallet is expected to launch soon under its World Liberty Financial venture.