News
How much cryptocurrencies does Trump own?
Donald Trump’s $5.7 Million Crypto Wallet: How Much Cryptocurrencies Does Trump Own?
For decades, former President Donald Trump made headlines for his business dealings, political engagements and legal troubles, but a less discussed point is his relationship with cryptocurrency.
Trump built a multimillion-dollar cryptocurrency portfolio and sold some of his tokens for profit. Take a closer look at the tokens held by Trump.
Don’t miss:
The largest exploitation in Trump’s portfolio is the coin MAGA (TRUMP). This project is a coin created last summer to support Trump and provide donations to charities that align with his political views. When the project was created, the founders sent 580,000 tokens to Trump’s wallet address. At the time, TRUMP was worth less than $0.01 and the position was worth only a few thousand dollars. Let’s go back to March, when TRUMP hit $11.56 and Trump’s tokens were worth over $6.7 million. Since then, TRUMP’s price has fallen significantly and the position is worth around $3 million.
The second largest holdings in Trump’s crypto portfolio are Ethereum (ETH) and Wrapped ETH (WETH). Combined, Trump owns approximately 800 ETH and WETH worth approximately $2.5 million. Trump received most of these tokens from the Trump Digital Trading Cards non-fungible token (NFT) collection, which sold 45,000 NFTs for $99 each, using Trump’s name, image and likeness. Trump received over 1,700 ETH from the project in royalties.
Trump sold 1,075 ETH at the end of 2023. He sent the ETH to Coinbase, generating around $2.4 million in profit.
Together, ETH, WETH, and TRUMP account for $5.4 million of Trump’s $5.7 million wallet. Trump also owns over 60 other tokens.
Trend: Dogecoin millionaires are increasing – investors with over $1 million in DOGE revealed!
Moving down the list, Trump’s next biggest title is CONAN, a coin named after a special forces dog who became famous for his role in the raid that targeted Abu Bakr al-Baghdadi in 2019. The creators, who are affiliated with the team. who created TRUMP, sent 20 billion CONAN tokens to Trump’s wallet when the project launched in February. The tokens were worth $40,000 at the time of launch, but have since appreciated to over $300,000.
After CONAN, there is a significant drop in terms of token value. The next biggest token is BABYTRUMP, another meme coin. In total, Trump holds around $30,000 of this token. Trump holds 50 additional tokens worth less than $1,000, almost all of which are meme coins.
The story continues
Although it has flown under the radar, Trump’s wallet is one of the strangest stories in crypto. The random and bizarre nature of his holdings may provide insight into the crypto community as well as Trump’s financial situation. In the future, anyone can monitor Trump’s portfolio to see all the inflows, outflows, and crazy new coins Trump owns.
Read next:
crypto digital assets
“ACTIVE INVESTORS’ SECRET WEAPON” Boost your stock market game with the #1 “news and everything else” trading tool: Benzinga Pro – Click here to start your 14-day trial now!
Get the latest stock analysis from Benzinga?
This item Donald Trump’s $5.7 Million Crypto Wallet: How Much Cryptocurrencies Does Trump Own? originally appeared on Benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.