Eric Trump Cancels Memecoin Wallet, But Still Has a “Big Investment” in the Trump Token

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Well, well, well… looks like the Trump family has stirred up the crypto pot again, but this time it’s a bit of a plot twist.

The Trump Memecoin Wallet Gets the Ax – But Eric’s Got a Wallet Full of Plans Anyway

While the media is obsessed with the endless verbal ping-pong between U.S. President Donald Trump and Tesla’s Elon Musk over that “big, beautiful bill” (we’re still trying to figure out what that actually is), there’s been another squabble brewing in the world of crypto. Enter the Trump family, Magic Eden, and Fight Fight Fight LLC (because who doesn’t want a crypto company named Fight?)—all tangled up in the latest crypto drama surrounding the Trump memecoin. 🍿

The tale begins back in January when Fight, the brainchild of Trump supporter Bill Zanker (who also happens to be buds with the president—surprise, surprise), launched the Trump memecoin. It didn’t take long for the thing to skyrocket to the top of the memecoin charts, making everyone in the crypto space think, “Well, that was unexpected.”

But hold your horses—things went south faster than a poorly executed IPO when Fight announced plans to collaborate with Magic Eden on a Trump memecoin wallet. Naturally, the Trump sons, Eric and Donald Jr., weren’t exactly thrilled with this move. They quickly hopped onto social media, giving the whole thing a hard pass. According to them, their family’s own crypto firm, World Liberty Financial (WLFI), has some wallet plans of its own—nothing like a little sibling rivalry, eh?

Then, just when you thought this drama couldn’t get juicier, Bloomberg reported that WLFI had sent a cease-and-desist letter to Fight. A move that screamed, “Back off, we’ve got our own plans.” And, lo and behold, Eric Trump eventually announced that Fight’s wallet plans had been axed. But wait—there’s more! Despite canceling the wallet launch, Eric did drop the bombshell that WLFI would still be dropping some “substantial” investment into Fight’s Trump token. Talk about mixed signals. 🙄

“I am proud to announce the $TRUMP memecoin has aligned with World Liberty Financial,” Eric Trump posted on X. “Although their meme wallet isn’t moving forward, they remain focused on building the most exciting meme on earth – $TRUMP. Moreover, we’re proud to announce that World Liberty Financial plans to acquire a substantial position in $TRUMP for their long-term treasury.” If that doesn’t scream “we’re still in this for the long haul,” I don’t know what does.

And as for Magic Eden? They’ve been as silent as a crypto wallet with no transactions. Bitcoin.com reached out, but no word from them yet. Guess they’re too busy making NFTs of sloths or something. 🦥

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2025-06-07 03:57