US President Donald Trump is reportedly launching a new crypto wallet in partnership with Magic Eden. Apparently, users will also be eligible to partake in a $1 million airdrop of TRUMP tokens.
There aren’t many specific details about this project available, but Magic Eden confirmed its involvement. Trump has a long-running interest in the NFT market, launching new ones last month, which could explain this choice.
Trump to Launch New Crypto Wallet
President Trump is currently engaged in several crypto ventures, recently holding a Gala Dinner and pledging to purchase huge amounts of Bitcoin.
Today, it seems like TRUMP will be at the center of his next venture, a new crypto wallet launched through a partnership with Magic Eden.
Magic Eden, a Solana-based NFT marketplace, might seem like an unusual choice for this partnership. A weakening NFT market has had a severe impact on its business, but the President has an interest in this sector.
Trump recently included NFT rewards in his Gala Dinner package, potentially explaining Magic Eden’s help making the wallet.
Unfortunately, we don’t have even the most basic information about the TRUMP wallet yet, including topics like KYC information, security, custody structure, etc. For now, interested users can join the waitlist in the hope of future developments.
The waitlist doesn’t have a clear end date, but it encourages users to buy TRUMP tokens. The meme coin has seen increased sell-offs since the dinner concluded a few weeks ago. Yet, today’s wallet announcement brought a brief spike.
All this may be bullish for TRUMP, but the President’s crypto-related business ventures are still quite controversial. Senators are investigating his various projects for possible foreign ties or other corruption, but his empire keeps growing regardless.
The latest crypto wallet will likely bring more political scrutiny, specifically from the Democrats. Yet, the US president seems committed to furthering his meme coin venture.
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