diff --git a/src/internal/svg/fundWallet.tsx b/src/internal/svg/fundWallet.tsx
index ccca7ee7ce..2e55a2e952 100644
--- a/src/internal/svg/fundWallet.tsx
+++ b/src/internal/svg/fundWallet.tsx
@@ -1,6 +1,6 @@
 import { fill } from '../../styles/theme';
 
-export const FundWalletSvg = (
+export const fundWalletSvg = (
   <svg
     role="img"
     aria-label="fund-wallet-svg"
diff --git a/src/wallet/components/WalletDropdownFundLink.tsx b/src/wallet/components/WalletDropdownFundLink.tsx
index e1a7566f2d..724c57a2a8 100644
--- a/src/wallet/components/WalletDropdownFundLink.tsx
+++ b/src/wallet/components/WalletDropdownFundLink.tsx
@@ -1,13 +1,13 @@
-import { isValidElement, useCallback, useMemo } from 'react';
-import { FundWalletSvg } from '../../internal/svg/fundWallet';
+import { useCallback, useMemo } from 'react';
 import { cn, pressable, text as themeText } from '../../styles/theme';
 import { version } from '../../version';
+import { useIcon } from '../hooks/useIcon';
 import type { WalletDropdownFundLinkReact } from '../types';
 import { getWindowDimensions } from '../utils/getWindowDimensions';
 
 export function WalletDropdownFundLink({
   className,
-  icon,
+  icon = 'fundWallet',
   rel,
   popupFeatures,
   openIn = 'tab',
@@ -15,14 +15,7 @@ export function WalletDropdownFundLink({
   text = 'Fund wallet',
   popupSize = 'md',
 }: WalletDropdownFundLinkReact) {
-  const iconSvg = useMemo(() => {
-    if (icon === undefined) {
-      return FundWalletSvg;
-    }
-    if (isValidElement(icon)) {
-      return icon;
-    }
-  }, [icon]);
+  const iconSvg = useIcon({ icon });
 
   const currentURL = window.location.href;
   const tabName = document.title;
diff --git a/src/wallet/components/WalletDropdownLink.tsx b/src/wallet/components/WalletDropdownLink.tsx
index 3801126149..0f04539083 100644
--- a/src/wallet/components/WalletDropdownLink.tsx
+++ b/src/wallet/components/WalletDropdownLink.tsx
@@ -1,6 +1,5 @@
-import { isValidElement, useMemo } from 'react';
-import { walletSvg } from '../../internal/svg/walletSvg';
 import { cn, pressable, text } from '../../styles/theme';
+import { useIcon } from '../hooks/useIcon';
 import type { WalletDropdownLinkReact } from '../types';
 
 export function WalletDropdownLink({
@@ -11,18 +10,7 @@ export function WalletDropdownLink({
   rel,
   target,
 }: WalletDropdownLinkReact) {
-  const iconSvg = useMemo(() => {
-    if (icon === undefined) {
-      return null;
-    }
-    switch (icon) {
-      case 'wallet':
-        return walletSvg;
-    }
-    if (isValidElement(icon)) {
-      return icon;
-    }
-  }, [icon]);
+  const iconSvg = useIcon({ icon });
 
   return (
     <a
diff --git a/src/wallet/hooks/useIcon.test.tsx b/src/wallet/hooks/useIcon.test.tsx
new file mode 100644
index 0000000000..fcb0f8dda8
--- /dev/null
+++ b/src/wallet/hooks/useIcon.test.tsx
@@ -0,0 +1,63 @@
+import { renderHook } from '@testing-library/react';
+import { describe, expect, it } from 'vitest';
+import { fundWalletSvg } from '../../internal/svg/fundWallet';
+import { walletSvg } from '../../internal/svg/walletSvg';
+import { useIcon } from './useIcon';
+
+describe('useIcon', () => {
+  it('should return null when icon is undefined', () => {
+    const { result } = renderHook(() => useIcon({ icon: undefined }));
+    expect(result.current).toBeNull();
+  });
+
+  it('should return walletSvg when icon is "wallet"', () => {
+    const { result } = renderHook(() => useIcon({ icon: 'wallet' }));
+    expect(result.current).toBe(walletSvg);
+  });
+
+  it('should return fundWalletSvg when icon is "fundWallet"', () => {
+    const { result } = renderHook(() => useIcon({ icon: 'fundWallet' }));
+    expect(result.current).toBe(fundWalletSvg);
+  });
+
+  it('should memoize the result for undefined', () => {
+    const { result, rerender } = renderHook(() => useIcon({}), {
+      initialProps: {},
+    });
+
+    const initialResult = result.current;
+    rerender({});
+    expect(result.current).toBe(initialResult);
+  });
+
+  it('should memoize the result for wallet', () => {
+    const { result, rerender } = renderHook(({ icon }) => useIcon({ icon }), {
+      initialProps: { icon: 'wallet' },
+    });
+
+    const initialResult = result.current;
+    rerender({ icon: 'wallet' });
+    expect(result.current).toBe(initialResult);
+  });
+
+  it('should memoize the result for fundWallet', () => {
+    const { result, rerender } = renderHook(({ icon }) => useIcon({ icon }), {
+      initialProps: { icon: 'fundWallet' },
+    });
+
+    const initialResult = result.current;
+    rerender({ icon: 'fundWallet' });
+    expect(result.current).toBe(initialResult);
+  });
+
+  it('should memoize the result for custom icon', () => {
+    const customIcon = <svg aria-label="custom-icon" />;
+    const { result, rerender } = renderHook(({ icon }) => useIcon({ icon }), {
+      initialProps: { icon: customIcon },
+    });
+
+    const initialResult = result.current;
+    rerender({ icon: customIcon });
+    expect(result.current).toBe(initialResult);
+  });
+});
diff --git a/src/wallet/hooks/useIcon.tsx b/src/wallet/hooks/useIcon.tsx
new file mode 100644
index 0000000000..468a5874e9
--- /dev/null
+++ b/src/wallet/hooks/useIcon.tsx
@@ -0,0 +1,20 @@
+import { isValidElement, useMemo } from 'react';
+import { fundWalletSvg } from '../../internal/svg/fundWallet';
+import { walletSvg } from '../../internal/svg/walletSvg';
+
+export const useIcon = ({ icon }: { icon?: React.ReactNode }) => {
+  return useMemo(() => {
+    if (icon === undefined) {
+      return null;
+    }
+    switch (icon) {
+      case 'wallet':
+        return walletSvg;
+      case 'fundWallet':
+        return fundWalletSvg;
+    }
+    if (isValidElement(icon)) {
+      return icon;
+    }
+  }, [icon]);
+};