Tensions between the groups participating in the expanding encryption projects of Donald Trump were intensified after the last announcement of the Trump portfolio.
According to what was reported, World Liberty Financial (WLF) sent a stop and a stopping speech, the company behind Trump Mimi and its partner Magic Eden.
Trump’s wallet dispute escalates
According to Bloomberg a reportThe conflict began after the fighting fighting, run by Trump ally, Bill Zanker, has long been began on Tuesday’s plans for a new Trump wallet. Magic Eden, who cooperates with the company in the project, promoted it at the expense of his social media as “the first and only wallet for Trump’s real fans.” The application will enable users to store and trade Trump Meme and other digital assets.
Shortly after the announcement, Trump’s sons went on social media to say that they were not aware of the existence of the initiative. Donald Trump Junior also explained that Trump is working to develop its wallet in partnership with World Liberty Financial.
The confusion surrounding the wallet project has been intensified due to the contradictions in its online presence. The official website fluctuated between being direct and connected in recent days. Meanwhile, the associated X account has been suspended since then.
At the heart of the conflict, the struggle to dominate the Trump encryption products. This is due to the increasing market fueled by the main supporters of the encryption.
Empire for the President’s growing encryption
Fight Fight Fight and Cic Digital LLC launched Trump Mimi in January. Since then, the project has brought more than $ 300 million as fees. The two companies still hold 80 % of the distinctive symbol supply, which is now estimated at about $ 1.7 billion.
To enhance interest, Zanker promoted the currency to use online shopping and hosted a special dinner last month near Washington, where Trump addressed the holders of the major symbol. The next wallet now uses similar promotional offers. Its website has provided free Mimi currencies for users climbing in their waiting list.
Meanwhile, WLF raised about $ 550 million through symbolic sales since last year. The Trump encryption project also released Stablecoin called USD1, which is currently the market value of $ 2.2 billion.
According to the documents, a subsidiary of TROMP receives 75 % of the net revenue from the project. The first family also enjoys 60 % of the ownership of World Liberty through DT Marks Defi LLC.
Trump once interrogated the encryption but entered the space through Zanker, who suggested his name on NFTS. Since then, they launched four NFT groups and a dinner for supporters during his presidential campaign. Magic Aden worked with him on projects.
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