Yahoo Finance Donald Trump Claims Profit From 'Crazy New Currencies' — Here's A Look At The Cryptos He Own
In 2021, former president Donald Trump called crypto a "disaster waiting to happen" and declared he was "not a fan." However, Trump's stance on crypto has reversed in the years since. In 2024, he has repeatedly spoken about crypto more positively.
"The Democrats are very much against it [crypto]. And I say this, a lot of people are very much for it ... and I’m fine with it. I want to make sure it’s good and solid ... but I’m good with it. If you like crypto in any form, and it comes in a lot of different forms, you better vote for Trump," Trump said at an NFT event at Mar-a-Lago in May.
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Additionally, Trump appeared on CNBC in March to discuss his views on crypto, stating, "I make money with it, I have fun with it too. Crazy new currencies, that's what I call them. They’re crazy new currencies, whether it’s Bitcoin or others."
Trump has been making money from crypto over the past few years through various projects. Arkham Intelligence, a blockchain analytics company, discovered Trump's wallet address by cross-referencing on-chain data with his financial filings.
Many of his crypto holdings come from multiple NFT projects that have used his name, image, and likeness to market and sell NFTs. These NFTs, called Trump Digital Trading Cards, are priced at $99 each and have sold over 90,000 in total. Trump has received over 1,900 ETH from these projects. However, in December 2023, he sold 1,075 ETH for proceeds of $2.4 million. He currently holds nearly 850 ETH, worth around $3.1 million.
However, the largest holdings in Trump's portfolio are memecoins. A growing trend has been to send a large portion of the total supply of a token to a celebrity. Shiba Inu first popularized this idea by sending half of the token supply to Ethereum founder Vitalik Buterin. The idea has since taken off, with Trump benefiting in the tens of millions.
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Trump's largest memecoin position is MAGA Coin (TRUMP). When the project launched, the founders sent Trump 580,000 tokens, worth just a few thousand dollars at the time. However, the position has since ballooned to nearly $8.5 million, as TRUMP has risen from less than $0.01 to over $17.50 in less than a year.
Additionally, Trump owns half the supply of TROG, a frog-themed memecoin. Though the project is relatively small, owning half the supply means Trump holds over $7 million in TROG.
Trump holds over 50 other memecoins in his portfolio, but none of the tokens amount to anything significant. In total, Trump holds over $20 million in crypto assets.
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