Trump Sons Disavow Wallet Amid $47 Airdrop, ETF Filing

• WLFI airdropped $47 in USD1 tokens, referencing Trump’s possible role as the 47th president.
• Trump’s sons denied links to a wallet branded as “Official $TRUMP Wallet” by Magic Eden.
• Truth Social’s parent firm filed to launch a Bitcoin ETF via NYSE Arca after raising $2.5B.

A cryptocurrency project linked to Donald Trump’s political branding stirred the web with a symbolic airdrop. On-chain data shows that World Liberty Financial (WLFI) airdropped 47 $USD1 tokens, worth exactly $47, to Ethereum wallets. The number 47 signifies Trump’s potential role as the 47th U.S. president, and the total airdrop value exceeded $4 million.

Trump Sons Disavow Wallet Launch

At the same time, confusion erupted after a Trump-branded crypto wallet was launched. The Official $TRUMP Wallet, announced by the team behind the $TRUMP token and NFT marketplace Magic Eden, claimed to represent Trump’s brand.

However, Donald Trump Jr. denied any family ties to the wallet. He said the Trump Organization had “zero involvement” in the product. He also emphasized that a separate platform, World Liberty Financial, would soon release the real official wallet.

Eric Trump echoed the statement and warned against the misuse of the family name. He cautioned Magic Eden not to proceed with unauthorized branding. Trump’s youngest son, Barron Trump, also posted online, saying the family had “no involvement.”

The situation left many users confused. Blockchain commentator Molly White called the events “absolute chaos.” She suggested there were internal miscommunications between Trump-linked crypto groups. Neither Magic Eden nor the Trump token team responded publicly. Magic Eden CEO Jack Lu, who had earlier shared the wallet post, also remained silent.

Trump’s Media Company Eyes Bitcoin ETF

Meanwhile, Donald Trump’s media arm is accelerating its crypto plans. Trump Media and Technology Group, the parent company of Truth Social, has made a sharp pivot toward Bitcoin exchange-traded funds (ETFs). On June 4, the New York Stock Exchange Arca filed a 19b-4 form to list a Truth Social Bitcoin ETF. The ETF, if approved, will allow public trading of Bitcoin shares linked to Truth Social.

Related: Trump Media Plans Token and Wallet Launch for Truth+ Platform

This follows conflicting reports in May. Trump’s media group initially denied plans to buy Bitcoin. However, it later confirmed a $2.5 billion capital raise to purchase Bitcoin. The funding includes a $1.5 billion stock offering and $1 billion in convertible senior secured bonds. Trump’s firm also completed a $2.4 billion private placement last week.

These moves mark a growing push by Trump’s businesses into digital assets. The wallet confusion, however, casts a shadow on the coordination among Trump-linked crypto efforts.

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