The intersection of politics and cryptocurrency has become increasingly popular, with former President Donald Trump merging as a notable figure in this evolving landscape. President Donald Trump is not only making profits from businesses and real estate but also from cryptocurrency investments. Trump has achieved a multimillion-dollar crypto portfolio and has made huge profits by selling some of his tokens. According to the new campaign, Trump holds more than $3 million in numerous cryptocurrencies and made millions from his line of non-fungible tokens (NFTs).
Do you want to know how much cryptocurrency Trump owns? In this article, we will look at the cryptocurrencies Trump owns and how much is their value.
Cryptocurrencies Owned by Donald Trump
Below is the list of cryptocurrencies owned by former President Donald Trump.
- MAGA Coin
- Ethereum (ETH)
- Wrapped ETH (WETH)
- MAGA Again (MAGAA)
- CONAN
- BABYTRUMP
- Fight to MAGA (FIGHT)
- MAGA VP (MVP)
- Trog (TROG)
- Gua (GUA)
How Much Crypto Does Trump Own?
MAGA Coin (TRUMP) is the biggest asset in Trump’s holdings. This initiative is a meme coin that was developed last summer to support Trump and donates to charities that share his political beliefs. The project’s founders transferred 580,000 tokens to Trump’s wallet account when it was first created.
The post was only worth a few thousand bucks at the time, and TRUMP was worth less than $0.01. In March, TRUMP reached a peak of $11.56, and his tokens were valued at more than $6.7 million. Since then, TRUMP’s price has dropped significantly, and it is now valued at about $3 million.
The second-largest cryptocurrency holdings in Trump’s portfolio are Wrapped ETH (WETH) and Ethereum (ETH). Together, Trump’s holdings of ETH and WETH total about $2.5 million.
Trump sold around 1,075 ETH at the end of 2023 by sending those to Coinbase and earned around $2.4 million.
CONAN, a meme coin named after a special forces dog that gained popularity for his involvement in the 2019 mission that targeted Abu Bakr al-Baghdadi, is Trump’s next-largest holding on the list. 20 billion CONAN tokens were sent to Trump’s wallet by the project’s designers, who are connected to the team that made TRUMP. At debut, the tokens were valued at forty thousand dollars, but they are now worth more than $300,000.
The next biggest token is another meme coin called BABYTRUMP. Overall, Trump owns about $30,000 worth of this cryptocurrency. Trump also possesses fifty more tokens, nearly all of which are meme coins, with prices under $1,000.
Trump NFTs
NFTs are irreplicable cryptographic tokens that are stored on a blockchain. Each NFT is unique due to its digital signature, which sets it apart from cryptocurrencies like Bitcoin. NFTs can take the form of art, videos, and other type of digital content that can be traded with the help of cryptocurrencies as a means of exchange.
Trump made his initial attempt into the NFT market with a series of pictures of himself as a cowboy, astronaut, and superhero. Even though Trump was skeptical of cryptocurrency at the time, he and his wife, Melanie Trump, introduced NFT collections that featured Melania’s cobalt blue eyes. The declaration states that she received $330,609 in license fees for selling NFTs. Trump’s most recent NFT collection, MugShot was released in August 2023, and centers on the subject of his ongoing criminal indictments.
Additionally, Trump earned $7.15 million through a license agreement with the company NFT INT. According to a study, since the introduction of the Trump Digital Trading Cards line in December 2022, around 15,808 Ethereum (ETH) have been traded. Trump received many ETH and WETH from the Trump Digital Trading Cards non-fungible token (NFT) collection. It has sold 45,000 NFTs for each with Trump’s name, likeness, and image. The project has paid royalties to Trump totaling more than 1,700 ETH.
Conclusion
Despite going unnoticed, Trump’s cryptocurrency portfolio is among the most bizarre tales. His holdings’ peculiar and erratic character can reveal something about Trump’s financial situation and the cryptocurrency ecosystem. With the potential to earn millions more if he sells the other tokens in his portfolio, Trump has made millions of dollars in gains almost for free.
Trump mainly focused on meme coins other than some popular cryptocurrencies like Bitcoin. Ethereum and Wrapped Ethereum are the major ones that rule the portfolio of Trump. Anyone can keep an eye on Trump’s portfolio going forward to see all of his buying and withdrawals.
References: https://www.investors.com/news/bitcoin-price-outlook-trump-crypto-holdings/