Former US President Donald Trump owns a crypto wallet worth $5 million in Ethereum
- Trump’s Ethereum wallet is worth $5 million, according to reports.
- Information was taken from the 2023 certifications published by CREW.
- Trump has earned $4.9 million from an NFT licensing agreement with NFT INT LLC.
- Forbes previously reported Trump’s ETH holdings at $500,000, but the CREW source is more recent.
Trump, his crypto wallet as a whale and his NFT collections
- Trump has generated $2.6 million in ETH from his NFT collections.
- His first NFT collection sold out within hours, generating $3.53 million in initial sales.
- An event involving Trump’s NFTs resulted in a 251% increase in total sales.
‘Crypto was dangerous’
- Trump initially criticized crypto assets, claiming they were dangerous.
- His criticism came after his wife Melania launched NFTs on Solana’s blockchain.
- Trump later invested in crypto and created his own NFT collections.
Hot Take:
Former US President Donald Trump’s ownership of a $5 million Ethereum wallet and his significant earnings from NFT royalties highlight the growing presence of public figures in the crypto space. Despite his initial criticism of crypto assets, Trump’s involvement demonstrates the allure and potential profitability of cryptocurrencies and NFTs. This news underscores the mainstream adoption and acceptance of digital assets, as even prominent figures like Trump are recognizing their value. The crypto industry continues to evolve and attract diverse participants, further solidifying its place in the global financial landscape.
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