Recent announcements by the cryptocurrency project Magic Eden (ME) claimed they were creating a cryptocurrency wallet in collaboration with the Trump memecoin. This news initially caused a significant price increase in the ME token. However, Donald Trump Jr. publicly denied any affiliation with this wallet product, stating that the Trump Organization, including Eric Trump, had no knowledge of the project.
Donald Trump Jr. further clarified that their official cryptocurrency wallet, developed by World Liberty Financial, was still in progress and would be launched soon. This denial raised questions about the authenticity of Magic Eden’s announcement, with some speculation pointing to a possible hacking incident on Magic Eden's accounts, which may have led to a fake announcement.
The conflicting statements highlight uncertainty around Trump-themed cryptocurrency initiatives, despite the evident market reaction to the initial news. Meanwhile, Magic Eden’s token experienced increased volatility following the news and subsequent denial.