Latest news with #GetTrumpMemes.com
Yahoo
3 hours ago
- Business
- Yahoo
Trump's Team ‘Knows Nothing' About Apparent ‘$TRUMP Wallet' Launch
A representative of the Trump Organization said the group 'knows nothing' about a crypto wallet project called the '$TRUMP Wallet,' despite the app's branding and claims being tied to the U.S. president. 'The Trump Organization knows nothing about this project," a spokesperson for the Trump Organization told CoinDesk. Meanwhile, an X account linked to the President's memecoins said that the wallet was 'coming soon,' even after several of his representatives denied the rumors. The app, according to its sparse but live website, promises users the ability to hold and trade digital assets. It includes no technical documentation or launch timeline but features a waitlist for early access. Magic Eden, the crypto marketplace reportedly involved in the project, had confirmed the project through a post by its CEO Jack Lu on X. U.S. President Donald Trump has leaned into crypto since reentering the political arena ahead of last year's election. Past initiatives tied to Trump include World Liberty Financial, a stablecoin venture, and the meme tokens Trump Coin and Melania Coin, both of which launched before his 2025 inauguration. According to the wallet's website, Magic Eden is working with the website behind the Trump memecoin. Donald Trump Jr., one of the president's children, also said in an X post that the organization has "zero involvement with this wallet product," but that World Liberty will "soon" launch its own wallet. His youngest son, Barron Trump, also denied the partnership. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. UPDATE (June 8, 19:24 UTC): Adds X post by Barron Trump denying the partnership. UPDATE (June 8, 20:46 UTC): Adds X post by account affiliated with Trump's memecoins. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Business
- Yahoo
Trump-backed team to reportedly launch trading app and wallet
Trump-backed team to reportedly launch trading app and wallet originally appeared on TheStreet. The team behind President Donald Trump's meme coin is set to launch a branded crypto wallet and trading application, crypto journalist Molly White reported on June 3. The TRUMP meme coin team has joined forces with Magic Eden, a leading non-fungible token (NFT) marketplace, to launch a new website, which asks users to join the waitlist to get the "Official $TRUMP Wallet." It also promises '$1 MILLION in TRUMP REWARDS!' to the users. The meme coin's official X account confirmed the launch of the TRUMP wallet, saying its mission is to "make it super easy for Trump supporters to get into crypto." Magic Eden also confirmed on X that it is behind the TRUMP wallet. The contest begins on June 3 and ends on July 4, and all potential winners are required to create their wallets to claim a prize. The newly launched website says: Is this the Official Trump Wallet?Yes! This is The Official $TRUMP Wallet by President Trump. Magic Eden partnered with to create the first and only $TRUMP Wallet. Have Fun! The app will ask Trump's fans to trade not only TRUMP but Bitcoin and other cryptocurrencies also. Trump's sons, Donald Jr. and Eric, denied that The Trump Organization is in any way involved with the wallet. Donald Jr. wrote on X: The Trump Organization has zero involvement with this wallet product. World Liberty Financial will be launching its own official wallet soon, he added. Eric also backed his elder brother, saying he knew nothing about this project. Molly White speculated that it's likely that there is a breakdown between Bill Zanker's team and Trump's sons. Zanker is a longtime Trump associate who has developed several Trump-branded products, including NFTs, sneakers, and cologne. His company, Fight Fight Fight LLC, is behind the TRUMP meme coin. Both Trump and his wife, Melania, launched the eponymous meme coins ahead of his presidential inauguration on Jan. 20. Both the meme coins have tanked since their launch, with TRUMP and MELANIA trading 85% and 97% lower than their record highs. Trump recently hosted a much-publicized private dinner for top holders of the meme coin, and the crypto team partnered with Magic Eden to gift the promised NFTs to the guests today. The Trump family is involved with multiple crypto ventures such as these meme coins, the World Liberty Financial crypto platform, the USD1 stablecoin, crypto exchange-traded funds (ETFs), and NFTs. His critics, including those in the Democratic Party, have flagged these ventures for alleged conflicts of interest. Trump-backed team to reportedly launch trading app and wallet first appeared on TheStreet on Jun 3, 2025 This story was originally reported by TheStreet on Jun 3, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
International Business Times
13-05-2025
- Business
- International Business Times
Trump Meme Coin Dinner Contest Rakes in $148M from Global Investors
A cryptocurrency contest linked to Donald Trump's meme coin has garnered media attention, attracting more than $148 million from eager buyers hoping to meet the US president. Promoted as a unique chance to attend a gala at Trump's private golf resort outside of Washington, D.C., the event garnered international notice and significant investments in the $TRUMP meme coin. The top 25 coin holders received a private VIP tour and reception, while the top 220 coin holders were invited to the May 22 banquet. The $TRUMP meme coin, unveiled in January 2024, was notably on a spending spree after its revelation over Trump's Inauguration weekend. That price rose to as much as $75 and dipped to as little as $7.50. As the competition came to a close on May 12, the coin was trading at roughly $14. The top 220 holders' time-weighted value amounted to almost $147.6 million, according to Inca Digital, a crypto analytics company. Among the largest known holders was a wallet called "SUN" that had held $18.5 million worth of the $TRUMP. The wallet is presumably associated with Seychelles-based crypto exchange HTX. Chinese-born entrepreneur and HTX board member Justin Sun has relationships with the coin project. HTX has not responded for comment, and Sun has publicly put his money — a $75 million investment — where his mouth is by investing in the Trump family's crypto venture, World Liberty Financial, and sitting on as an adviser. Other prominent investors include companies from Singapore and Hong Kong. Meanwhile, nearly 600,000 wallets that participated in the coin's trade have collectively lost $3.9 billion, Inca Digital noted, referring to wallets that engaged in the coin's trade. While a handful of wallets might have made millions, the vast majority of trading has resulted in losses. More than $117 million in losses had followed the dinner announcement, and only about $1.35 million had wound up in the works of those tied to Trump's own family. The coin's marketing website, announced the winners and promoted the event as the "most EXCLUSIVE INVITATION in the world." However, the event's terms stipulated its cancellation and Trump's absence. Ethical questions have clouded the enterprise, with Democratic lawmakers calling for investigations into whether the coin violates United States ethics laws. Senator Richard Blumenthal is investigating the matter in the Senate. Other Democrats have also sponsored bills to limit how much presidents and lawmakers can profit from crypto assets. Senator Chris Murphy dubbed the coin "the single most corrupt act I have ever seen a president commit." Adding more façade to the whole issue, the American DOJ had just dissolved its crypto enforcement team. Critics argue that this dilutes oversight at a moment when Trump's own family seems to be benefiting from loosened rules. A DOJ spokesperson added they are still working on cross-indicting for crypto crimes. The Trump family has even accumulated 80% of the meme coin supply, which now stands at $2.74 billion. Transaction fee revenue already amounts to $320 million. They are also among a growing number of members of the family who hold cryptos, trading platforms, exchange-traded funds, mining operations, and a new stablecoin. Kali, a small investor from Hawaii, shared her experience of investing $10,000 in the $TRUMP meme coin, hoping it would earn her an invitation to the dinner. As the coin's price fluctuated, she was holding out hope to recoup her investment. Like thousands of others, her losses underscore broader concerns about financial risk and the uncertain future of politically branded cryptocurrency ventures.
Indian Express
13-05-2025
- Business
- Indian Express
Buyers of $TRUMP meme spent $148 million to win dinner with President Trump
Buyers of U.S. President Donald Trump's $TRUMP meme coin spent an estimated $148 million in the contest to win the opportunity to dine with the president at his private golf club outside of Washington, D.C. on May 22, according to crypto intelligence firm Inca Digital. The event, which the president promoted on social media as the 'most EXCLUSIVE INVITATION in the world,' promised the top 220 holders of the $TRUMP meme coin an invite to a gala dinner with the president, while the top 25 will also enjoy 'an ultra-exclusive private VIP reception' with the president as well as a 'Special VIP Tour.' The website posted on Monday: 'Congratulations, if you're in the top 220 on the leaderboard… President Trump will see YOU on May 22 at the Gala Dinner in Washington D.C.' The contest's winners were ranked by their 'time-weighted' $TRUMP holdings, which were calculated from the time the contest was announced on April 23 to the cutoff on May 12. The top 220 'time-weighted' holdings amounted to $147,586,796.41 million worth of $TRUMP coin once the contest ended, according to crypto intelligence firm Inca Digital. The coins surged to $75 after Trump announced them over his Inauguration weekend before falling to a low of $7.50. On Monday, as the contest ended, $TRUMP was trading around $14. Since the coin launched in January, 592,962 wallets have lost a combined $3.9 billion Inca said. The top holder of $TRUMP meme coins on the leaderboard was a wallet called 'SUN' with nearly $18.5 million worth of the coin in time weighted holdings. The wallet is owned by Seychelles-based crypto exchange HTX, according to blockchain analysis firm Arkham. China-born crypto entrepreneur Justin Sun is a member of HTX's global advisory board, according to his Linkedin profile. HTX didn't respond to requests for comment on the wallet. Sun declined to comment. Other holders in the top 25 included companies based in Singapore and Hong Kong. After Trump won the presidency, Sun said he invested a total of $75 million into the family's new cryptocurrency venture, World Liberty Financial. In addition to being the single-largest known investor, Sun also became an advisor to the project. In February, the U.S. Securities and Exchange Commission said it paused its 2023 fraud case against Sun, citing public interest. The SEC declined to comment. Coming in last place, at number 220 on the leaderboard on was an anonymous wallet simply known as 'ces,' which held about $59,000 worth of time-weighted coins. The terms and conditions of the event noted that Trump may not attend and it could be 'cancelled for any reason.' In January, the Trump Organization announced that the president's investments, assets and business interests would be held in a trust managed by his children and he would play no role in day-to-day operations or decision making. The family named a prominent attorney, William Burck, as an ethics adviser to 'avoid any perceived conflicts of interest.' On April 24, the Trump Organization subsequently fired Burck, citing his representation of Harvard University in its funding battle with the Trump administration. The company has not named a replacement. Burck did not offer comment. The White House and the Trump Organization did not respond to requests for comment. In an earlier response to Reuters regarding criticisms by Democratic lawmakers that the meme coin dinner poses conflicts of interest, White House Deputy Press Secretary Anna Kelly said: 'President Trump's assets are in a trust managed by his children. There are no conflicts of interest.' The current market value of all $TRUMP coins is $2.74 billion. A company controlled by the Trump family and a second firm together hold 80% of the remaining supply of the meme coins, which are advertised with an image of the president raising his fist in reference to his July assassination attempt. So far, the entities behind the Trump coin have earned $320.19 million in fees, including at least $1.35 million after the dinner announcement, according to blockchain analytics firm Chainalysis. Some government ethics experts say the $TRUMP meme coin allows anonymous foreign individuals to personally purchase access to Trump, triggering a volley of complaints from Democratic lawmakers to the U.S. Securities and Exchange Commission. Connecticut Democratic Senator Richard Blumenthal, ranking member of the Senate's Permanent Subcommittee on Investigations, has opened an inquiry into whether Trump's crypto enterprises violate government ethics requirements. Both Connecticut Democratic Senator Chris Murphy and Oregon Democratic Senator Jeff Merkley have each introduced bills aimed at ending the ability of presidents and members of Congress to profit off crypto assets. California Democratic Congressman Sam Liccardo introduced companion legislation in the U.S. House. 'The Trump meme coin is the single most corrupt act ever committed by a president,' said Sen. Murphy in a statement to Reuters on Friday. 'Donald Trump is essentially posting his Venmo for any billionaire CEO or foreign oligarch to cash in some favors by secretly sending him millions of dollars.' Of particular concern, the lawmakers say, is the way Trump has moved to curb crypto enforcement and ease regulation at the same time as his family stands to benefit financially from the sector. In April, the DOJ dismantled its crypto enforcement unit. A spokesperson for the DOJ told Reuters: 'This Department of Justice will continue to prosecute those who victimize digital asset investors or those who use digital assets in furtherance of crimes.' Since the $TRUMP meme coin launch three days before the president's inauguration, returns have favored large investors. More than 60 large wallets have profited close to $1.5 billion, with $48 million in profits occurring after the April dinner announcement, according to reviews by Inca Digital and crypto analytics tracker Bubblemaps as of May 8. At least two of the largest investors in the $TRUMP contest have made profits in excess of $10 million each, Inca Digital found, while 15 investors have made more than $1 million. Meanwhile, about 600,000 other wallets have lost $3.87 billion so far, with $117 million of losses occurring after Trump announced the dinner on social media, Inca and Bubblemaps found. The purchases were of coins that have already been issued, meaning Trump's family collected relatively small amounts of fees. One of those is Kali, a 27-year-old in Hawaii who plans luxury vacations for high net worth individuals and asked that her last name not be used due to fear of being harassed by others in the crypto industry. She said she spent about $10,000 on the coin, at an average of $15 per coin. In the days leading up to the contest, as the coin's price began to climb again, she was holding her breath and hoping to break even by the time the contest ends today. The $TRUMP meme coin is part of the Trump family's growing array of crypto ventures including the trading platform World Liberty Financial, Trump Media & Technology Group's new crypto ETFs, a crypto mining operation, American Bitcoin, and a stablecoin pegged to the U.S. dollar called USD1.
Economic Times
13-05-2025
- Business
- Economic Times
Buyers of $TRUMP meme spent $148 million to win dinner with president Trump
Buyers of US president Donald Trump's $TRUMP meme coin spent an estimated $148 million in the contest to win the opportunity to dine with the president at his private golf club outside of Washington, D.C. on May 22, according to crypto intelligence firm Inca Digital. The event, which the president promoted on social media as the "most EXCLUSIVE INVITATION in the world," promised the top 220 holders of the $TRUMP meme coin an invite to a gala dinner with the president, while the top 25 will also enjoy "an ultra-exclusive private VIP reception" with the president as well as a "Special VIP Tour." The website posted on Monday: "Congratulations, if you're in the top 220 on the leaderboard... President Trump will see YOU on May 22 at the Gala Dinner in Washington D.C." The contest's winners were ranked by their "time-weighted" $TRUMP holdings, which were calculated from the time the contest was announced on April 23 to the cutoff on May 12. The top 220 "time-weighted" holdings amounted to $147,586,796.41 million worth of $TRUMP coin once the contest ended, according to crypto intelligence firm Inca Digital. The coins surged to $75 after Trump announced them over his Inauguration weekend before falling to a low of $7.50. On Monday, as the contest ended, $TRUMP was trading around $14. Since the coin launched in January, 592,962 wallets have lost a combined $3.9 billion Inca said. The top holder of $TRUMP meme coins on the leaderboard was a wallet called "SUN" with nearly $18.5 million worth of the coin in time weighted holdings. The wallet is owned by Seychelles-based crypto exchange HTX, according to blockchain analysis firm Arkham. China-born crypto entrepreneur Justin Sun is a member of HTX's global advisory board, according to his Linkedin profile. HTX didn't respond to requests for comment on the wallet. Sun declined to comment. Other holders in the top 25 included companies based in Singapore and Hong Kong. After Trump won the presidency, Sun said he invested a total of $75 million into the family's new cryptocurrency venture, World Liberty Financial. In addition to being the single-largest known investor, Sun also became an advisor to the project. In February, the U.S. Securities and Exchange Commission said it paused its 2023 fraud case against Sun, citing public interest. The SEC declined to comment. Coming in last place, at number 220 on the leaderboard on was an anonymous wallet simply known as "ces," which held about $59,000 worth of time-weighted coins. The terms and conditions of the event noted that Trump may not attend and it could be "cancelled for any reason." In January, the Trump Organization announced that the president's investments, assets and business interests would be held in a trust managed by his children and he would play no role in day-to-day operations or decision making. The family named a prominent attorney, William Burck, as an ethics adviser to "avoid any perceived conflicts of interest." On April 24, the Trump Organization subsequently fired Burck, citing his representation of Harvard University in its funding battle with the Trump administration. The company has not named a replacement. Burck did not offer comment. The White House and the Trump Organization did not respond to requests for comment. In an earlier response to Reuters regarding criticisms by Democratic lawmakers that the meme coin dinner poses conflicts of interest, White House Deputy Press Secretary Anna Kelly said: "President Trump's assets are in a trust managed by his children. There are no conflicts of interest." The current market value of all $TRUMP coins is $2.74 billion. A company controlled by the Trump family and a second firm together hold 80% of the remaining supply of the meme coins, which are advertised with an image of the president raising his fist in reference to his July assassination attempt. So far, the entities behind the Trump coin have earned $320.19 million in fees, including at least $1.35 million after the dinner announcement, according to blockchain analytics firm Chainalysis. Some government ethics experts say the $TRUMP meme coin allows anonymous foreign individuals to personally purchase access to Trump, triggering a volley of complaints from Democratic lawmakers to the U.S. Securities and Exchange Commission. Connecticut Democratic Senator Richard Blumenthal, ranking member of the Senate's Permanent Subcommittee on Investigations, has opened an inquiry into whether Trump's crypto enterprises violate government ethics requirements. Both Connecticut Democratic Senator Chris Murphy and Oregon Democratic Senator Jeff Merkley have each introduced bills aimed at ending the ability of presidents and members of Congress to profit off crypto assets. California Democratic Congressman Sam Liccardo introduced companion legislation in the U.S. House. "The Trump meme coin is the single most corrupt act ever committed by a president," said Sen. Murphy in a statement to Reuters on Friday. "Donald Trump is essentially posting his Venmo for any billionaire CEO or foreign oligarch to cash in some favors by secretly sending him millions of dollars." Of particular concern, the lawmakers say, is the way Trump has moved to curb crypto enforcement and ease regulation at the same time as his family stands to benefit financially from the sector. In April, the DOJ dismantled its crypto enforcement unit. A spokesperson for the DOJ told Reuters: "This Department of Justice will continue to prosecute those who victimize digital asset investors or those who use digital assets in furtherance of crimes." Since the $TRUMP meme coin launch three days before the president's inauguration, returns have favored large investors. More than 60 large wallets have profited close to $1.5 billion, with $48 million in profits occurring after the April dinner announcement, according to reviews by Inca Digital and crypto analytics tracker Bubblemaps as of May 8. At least two of the largest investors in the $TRUMP contest have made profits in excess of $10 million each, Inca Digital found, while 15 investors have made more than $1 million. Meanwhile, about 600,000 other wallets have lost $3.87 billion so far, with $117 million of losses occurring after Trump announced the dinner on social media, Inca and Bubblemaps found. The purchases were of coins that have already been issued, meaning Trump's family collected relatively small amounts of fees. One of those is Kali, a 27-year-old in Hawaii who plans luxury vacations for high net worth individuals and asked that her last name not be used due to fear of being harassed by others in the crypto industry. She said she spent about $10,000 on the coin, at an average of $15 per coin. In the days leading up to the contest, as the coin's price began to climb again, she was holding her breath and hoping to break even by the time the contest ends today. The $TRUMP meme coin is part of the Trump family's growing array of crypto ventures including the trading platform World Liberty Financial, Trump Media & Technology Group's new crypto ETFs, a crypto mining operation, American Bitcoin, and a stablecoin pegged to the U.S. dollar called USD1.
