US President Donald Trump is set to launch a new cryptocurrency wallet in collaboration with Magic Eden. Users will be given the opportunity to participate in a million-dollar airdrop of TRUMP tokens.
While specific details about this project are scarce, Magic Eden has confirmed their participation. Trump has long been interested in the Non-Fungible Token market and launched a new Non-Fungible Token last month, which may explain this choice.
Trump's recent inclusion of Non-Fungible Token rewards in his gala dinner package may explain why Magic Eden is helping create the wallet.
Unfortunately, even basic information about the TRUMP wallet is not yet available. There is no information on topics such as KYC details, security, or storage structure. Currently, interested users can join the waitlist and anticipate future developments.
While the waitlist has no clear end date, it encourages users to purchase TRUMP tokens. The meme coin saw increased selling after the dinner ended weeks ago, but today's wallet announcement caused a brief surge.
Daily price chart for TRUMP meme coin. Source: BeInCrypto
The latest cryptocurrency wallet will likely invite even more political scrutiny, especially from the Democratic Party. However, the US president is showing a willingness to further develop his meme coin business.
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