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The Magic Eden price surged 19% in the last 24 hours to trade at $1.01 as of 3:10 a.m. EST on trading volume that soared 2,905% to $467.23 million.
The ME price surged yesterday, June 3, following multiple announcements of the development of Trump Wallet — a new crypto wallet and trading app featuring President Trump’s branding. The announcement sparked a wave of purchases, especially as the wallet is expected to offer digital asset management and integration with Trump-related tokens and NFTs.
Magic Eden announced it on X, calling it “the first and only crypto wallet for true Trump fans.”
BIG NEWS! The Official $TRUMP WALLET is COMING SOON! The First and Only Crypto Wallet for True Trump Fans.
Join the FREE waitlist for a chance to get a share of $1 MILLION IN $TRUMP REWARDS! Go to https://t.co/PVCQ6YXQ5v NOW!
The $TRUMP Wallet is Powered by @magiceden pic.twitter.com/KA26RzjY6m
— Magic Eden 🪄 (@MagicEden) June 3, 2025
It also invited interested users to join a free waitlist for a chance to get a share of $1 million in TRUMP rewards. However, X’s feature that allows readers to add context to posts claims that the Trump Organization has zero involvement with the wallet product, and that Donald Trump Jr. and Eric Trump know nothing about it, which was confirmed by Donald Trump Jr., who said as much in his own post on the platform.
The Trump Organization has zero involvement with this wallet product. @EricTrump and I know nothing about it. Stay tuned—World Liberty Financial @worldlibertyfi, which we have been working tirelessly on, will be launching our official wallet soon. https://t.co/h1wO7dy6AX
— Donald Trump Jr. (@DonaldJTrumpJr) June 3, 2025
Magic Eden Price Prediction
As the announcement about Magic Eden being involved with the new wallet emerged, the ME price soared from $0.8618 to $1.1549, only to correct to a support level at $1 as traders took profits. A secondary wave of purchases several hours later pushed the token’s price to the same resistance at $1.15, only for it to once again spiral down to $1 as traders learned that the wallet project might be a fake.
Rapid price surges caused the project’s Bollinger Bands to see a massive widening twice, but as the price started correcting, the bands rapidly narrowed.
ME/USDT chart analysis (Source: TradingView)
The project’s Relative Strength Index (RSI) reflected traders’ excitement about the potential wallet, skyrocketing deeply into the overbought zone multiple times, even reaching the value of 94.19 yesterday afternoon.
But, once again, as traders learned that the announcement had nothing to do with the President or his family, the trading subsided, and the RSI dropped to the neutral value of 50, and has since started spiraling down toward the oversold zone.
Promising Alternative To Magic Eden
While the new Trump wallet may be a fake, Best Wallet (BEST) is not. In fact, it is the most popular new mobile wallet of 2025, and is still in presale.
The BEST token is available on the wallet’s own launchpad, which has proven its worth in selecting promising crypto projects multiple times, by offering ICOs that resulted in massive price surges following the presales’ conclusions. Projects like Wall Street Pepe, Pepe Unchained, and Catslap all saw major price boosts, and now, BEST might be the next one to follow this pattern.
The launchpad is just one of the wallet’s many features, which also include multi-chain support for over 60 blockchains and the thousands of cryptocurrencies that run on them, the ability to connect other wallets for easy portfolio management, and more.
You didn’t survive the bear market to shy away now
— Best Wallet (@BestWalletHQ) June 2, 2025
Additionally, those who purchase and hold BEST will receive additional perks, including higher staking rewards, lower trading fees, early access to new tokens, and the opportunity to participate in community governance.
99Bitcoins, a popular YouTube account with over 723k subscribers, has been excited about the BEST ICO for months, and predicts the token has the potential to soar 10x after launch.
So far, the presale has raised over $12.07 million. If you wish to join others who invested early, you can still buy it for $0.025125. But hurry, because the next presale price hike is scheduled for around 11 hours from now.
Visit the BEST token’s website.
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