- Disclosure report leaked by CitizensForEthics.org reveals Trump’s wallet.
- Donald Trump netted $4.9M from an NFT licensing deal with NFT INT LLC.
- The former president previously claimed Bitcoin is “a scam against the dollar.”
Despite lashing out at cryptocurrencies in 2019 for not being “real money” and “very dangerous,” Donald Trump accumulated nearly $3 million worth of crypto in his Ethereum wallet. On top of that, the ex-US President scored an additional $4.8 million in licensing fees involving his image in various NFT collections.
On Saturday, the Office of Government Ethics first revealed this in a court filing against Mr. Trump. At the time, it was thought that Donald Trump owned between $250,000 and $500,000 worth of crypto. However, the updated filings by Citizens for Responsibility and Ethics in Washington (CREW) raise the approximate value to $2.8 million.
Donald Trump’s Crypto History
Trump kept exploring the crypto sea via his biographical NFT collections, depicting the highlights of his storied and questionable life. Some of the Trump Card NFTs offered gala parties, Zoom calls, and wines and dines with the man himself. In crypto market terms, the self-proclaimed crypto skeptic falls under the crypto whale category.
If the previous claims of the $500,000 crypto stashed were accurate, Trump would be considered a crypto shark. While the NFT collections with stock photo mockups upped their market price ten times, the hype surrounding them faded.
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Trump’s Cards skyrocketed once again after his first NY indictment, while his wife Melania released her own NFT collection on Solana to pay homage to American history. The collection has drawn immense backlash since it violated NASA’s copyright terms by turning the iconic Man on the Moon photo from the Apollo 11 mission into a special edition NFT for a price of $75.
On the Flipside
- The court filings by the Office of Government Ethics did not disclose any further details on what cryptocurrencies are included in the $2.8 million worth Ethereum wallet owned by Mr. Trump.
Why This Matters
Blockchain data provides a certain level of transparency, which allows one to track celebrity-level crypto whale behavior.
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