Magic Eden, a popular NFT marketplace, announced that it’ll be launching the official $TRUMP wallet app backed by the president himself.
However, Donald Trump Junior took to X to say that the Trump Organization has zero involvement with this wallet, and he knows nothing about it.
That said, the fact that they’ve been working with the World Liberty Financial to launch their “official wallet” adds to the overall sentiment that Donald Trump is extremely keen on benefiting from crypto’s newfound vigor.
The launch of his own token, OFFICIAL TRUMP ($TRUMP), followed by favorable legislative efforts to popularize crypto across the country and the world, are all indicators of a pro-crypto stance.
Read on as we take a closer look at Trump’s crypto shenanigans, including the recent Eden/$TRUMP wallet discourse, and why a certain Bitcoin-themed altcoin on presale (BTC Bull Token) could be the next crypto to explode.
Donald Trump’s Crypto Ambitions
Right off the bat, it’s easy to see that there seems to be some kind of miscommunication between Donald Trump’s businesses and Magic Eden.
As per the website, Magic Eden has partnered with GetTrumpMemes.com for this launch. Now, GetTrumpMemes.com is owned by Fight Fight Fight LLC, which in turn is owned by CIC Digital LLC, which is affiliated with the Trump organization.
Therefore, there seems to be an indirect involvement of Donald Trump as per Magic Eden’s disclosure. However, the company has remained quiet on the latest retaliation from the Trump family members.
Of course, it seems there is an “official wallet” in development, which is unsurprising, and there’s the Bitcoin ETF matter.
Trump’s Truth Social to Launch Bitcoin ETF
A new NYSE Arca filing shows that we are one step closer to a Bitcoin ETF linked to Truth Social, which is Donald Trump‘s very own social media platform.
The Truth Social Bitcoin ETF, like traditional $BTC exchange-traded funds, will allow investors to benefit from Bitcoin price movements without actually owning the asset.
This has been made possible through a partnership between Trump Media and Crypto.com. The ETF will be branded under Trump Media and will be available to over 140M users through the Crypto.com app and other brokerage platforms.
World Liberty Financial, the DeFi project backed by Donald Trump, has also airdropped 47 USD1 stablecoins to WLFI token holders.
This serves multiple purposes, including testing the project’s infrastructure and rewarding early adopters of WLFI for their support and loyalty.
World Liberty Financial’s native stablecoin, USD1, has a current market capitalization of nearly $2.18B. 47 coins were selected as a possible commemoration of Trump becoming the 47th president of the United States.
With so much effort being put in from Trump-related organizations on multiple crypto-related fronts, it’s quite clear that Donald Trump wants to max out crypto’s potential.
Quite naturally, with a bullish market, the biggest ‘dawg’ of them all — Bitcoin — will emerge as one of the top trending crypto coins in the months to come.
However, directly investing in $BTC might not be everyone’s cup of tea. It’s an expensive investment, after all, and sure, there’s no minimum investment required, but the upside is still pretty restricted.
Of course, this is nothing to sniff at, but with a new meme coin like BTC Bull Token ($BTCBULL), which has been specially designed to follow $BTC’s price, you could potentially 19x your investment.
What is BTC Bull Token?
BTC Bull Token stands out from all the other Bitcoin-inspired meme coins by being the only one to hand out free (and completely legit) $BTC airdrops. To be eligible, you just need to hold your $BTCBULL tokens in Best Wallet.
Airdrops, in case you didn’t know, are how meme coin projects reward the loyalty of their token holders, essentially encouraging them to hold onto their purchased tokens.
As the anticipation for Bitcoin’s new all-time highs increases, so will $BTCBULL’s hype. After all, the chance to win free $BTC and potentially 10x+ your gains during a Bitcoin bull run doesn’t come often.
Even better, the project’s developers are fully prepared to maximize $BTCBULL’s hype. They’ll do so by following a deflationary approach.
Under this, a small portion of the total $BTCBULL token supply will be burnt off every time Bitcoin rises by $50K in price. So, there’ll be a token burn event when $BTC reaches $125K, $175K, and $225K.
What this will do is contract $BTCBULL’s supply right when investors would want it more than ever, i.e., when Bitcoin is close to the coveted $150K (and $200K) mark.
However, with Bitcoin looking like it’ll rally soon, don’t be surprised if $BTCBULL reaches its projected all-time high a lot sooner than expected.
The BTC Bull Token Presale is Currently Live
Investing early is the best way to make the most of BTC Bull Token‘s growth potential. The token is currently in presale, meaning it’s not live on exchanges yet, so you can ‘grab the bull by its horns’ at some of the lowest-ever prices.
One $BTCBULL is currently available for just $0.002545, with the project having raised a total of $6.7M so far. Interested? Here’s a guide on how to buy BTC Bull Token.
Despite the Confusion, Trump’s Stance is Positive
The miscommunication and confusion surrounding the Magic Eden’s $TRUMP wallet could be nothing more than just that. But we know that an “official wallet” seems underway, and Trump’s ambitions and stance with crypto remain clear and positive.
Bitcoin certainly stands to gain from any pro-crypto movements and the associated hype, and as such, smaller projects like $BTCBULL that are riding $BTC’s wave to $150k and beyond stand to draw attention from investors.
Of course, it’s always worth adding that the crypto market is highly volatile and unpredictable, so we strongly recommend that you do your own research before investing. None of this is financial advice.
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