Donald Trump has declared that he has a net worth of up to $5 million. Ethereum Ethereum
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According to a new financial disclosure, it has raised over $7 million from crypto assets based on its NFT collection.
According to public documents obtained by ethics watchdog Citizens for Ethics, between $1 million and $5 million in digital assets are stored “in crypto wallets with virtual Ethereum keys, which are stored in cold wallets.”
In addition to Trump’s Ethereum-based holdings, the document also details the revenue he has made from his NFT collection. The document reveals that the US presidential candidate has earned over $7.15 million through a licensing deal with a company called NFT INT.
Blockchain analysis provides more details on the former president’s cryptocurrency holdings. Arkham Intelligence currently estimates the former US president’s Ethereum-based cryptocurrency holdings to be worth over $3.6 million. According to Arkham data, the top three assets in Trump’s cryptocurrency portfolio by USD value are Ether at $1.29 million, WETH at over $900,000, and GUA tokens at over $400,000.
Trump’s stance on cryptocurrencies has changed since he was in office, when he labeled them a fraud. “I don’t like Bitcoin and other cryptocurrencies,” he said in a series of social media posts in 2019. “Bitcoin and other cryptocurrencies are not money, they are highly volatile and based on nothing more than thin air.”
But the former president’s views on the sector have changed considerably. In addition to issuing his own collection of NFTs and campaigning to promote the idea of building a “crypto army,” he has also stated that he wants all future bitcoins to be minted in the United States.
Despite Trump’s involvement in cryptocurrencies, he did not mention the sector in his X Spaces interview with Elon Musk on Monday. Several meme coins inspired by the former president sold out during the interview.
Since then, the presidential candidate-inspired mimecoins have been in decline. Last week, MAGA fell 11%, Dark MAGA fell 40%, and the intentionally misspelled Doland Tremp fell 27%. However, FreeTrump bucked the downtrend and rose 40% over the same period.
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