Ethereum
Former Crypto Skeptic Donald Trump Holds $2.3 Million in Ethereum and These 3 Altcoins
Former Crypto Skeptic Donald Trump Holds $2.3 Million in Ethereum and These 3 Altcoins
Former President Donald Trump received and sold cryptocurrency over the past two years, leading to a cryptocurrency wallet worth several million dollars.
However, Trump hasn’t always been a fan of crypto. In 2021, he referred to Bitcoin and crypto as “impending disaster,” and stated that “they may be fake. Who knows what they are? These are certainly currencies that people know little about. I’m not a big fan.”
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However, in 2022, Trump allowed his name and likeness to be used for Trump digital trading cards. non-fungible token (NFT) collection. The project sold 45,000 NFTs for $99 each. Trump received over 1,700 Ethereum (ETH) in royalties from the project. He sold 1,075 tokens in December for $2.4 million and now holds around 800 ETH worth $2.3 million.
Trump’s biggest turnout is MAGA Coin (ASSET). This meme coin was launched last August and has since become extremely popular in the crypto community. At launch, the project’s creators sent 580,000 TRUMP tokens to the former president. At the time, TRUMP was worth less than $0.01 and the position was worth a few thousand dollars.
In March, TRUMP price reached a high of $11.56. At its peak, Trump’s position was worth $6.7 million. TRUMP has since fallen to around $5, but Trump still holds his 580,000 tokens worth around $2.8 million.
Trump also features heavily in the Conan (CONAN) coin, which is named after a dog that was injured in the raid on Abu Bakr al-Baghdadi. After the raid, Trump presented Conan with an award.
“Conan has done a fantastic job, and we are very honored to have him here and to have presented him with a certificate and an award,” Trump said in his speech about the dog.
The speech and award culminated in the CONAN meme coin. The founders sent Trump 20 billion tokens at launch, which is equivalent to 2% of the 1 trillion tokens provided. CONAN’s price has performed well since its launch in early 2024, and Trump’s position is worth nearly $250,000.
Trump also owns a handful of Polygon (MATIC) worth about $3,700. These tokens were likely acquired during its dealings with NFT projects.
Trump’s wallet contains more than 50 other coins, most of which were sent to Trump by supporters or project creators for marketing purposes. However, none of the other tokens represent a considerable portion of the portfolio. Trump owns over $5.5 million in crypto.
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This item Former Crypto Skeptic Donald Trump Holds $2.3 Million in Ethereum and These 3 Altcoins originally appeared on Benzinga.com
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