Trump Holds Over $1M In Ethereum (ETH), Plus A MAGA Meme Coin – BitcoinWorld
The post Trump Holds Over $1M In Ethereum (ETH), Plus A MAGA Meme Coin – BitcoinWorld appeared on BitcoinEthereumNews.com.
A recent disclosure of Donald Trump’s financial interests shows that he holds over $1m in ETH, a MAGA meme coin, and income from NFT licensing fees. A recent disclosure of Donald Trump’s financial interests shows he holds millions of dollars in cryptocurrency as well as receiving considerable income from NFT licensing fees. Although the disclosure by transparency advocacy group CREW, did not indicate the exact amount of crypto Trump holds, on-chain tracking platform Arkham Intelligence revealed the former President’s portfolio has Ethereum (ETH) worth $1.28 million, and other tokens, including a Trump (MAGA) meme coin, all adding up to about $1.8 million. The CREW filings also highlighted Trump’s NFT licensing fee income of about $7.15 million made from an agreement with a company called NFT INT. Moreover, Trump’s wife Melania reportedly earned $330,609 from the sale of NFTs from the same firm. In 2019, Trump said he was not a fan of Bitcoin and other cryptocurrencies because their “value is highly volatile and based on thin air.” Today, his campaign is pro-crypto, turning the sector into a major talking point ahead of Election Day on Nov. 5. Recently, Trump promised that if he won the November elections, he would create a national strategic Bitcoin reserve for the U.S. Further pushing the crypto agenda, on Aug. 7, Trump’s sons set tongues wagging when they teased a “huge upcoming announcement. In a post on X, Donald Trump Jr. hinted that the upcoming announcement would “shake up” the crypto ecosystem, while Eric Trump expressed his deep enthusiasm for crypto and DeFi, promising a significant development in that area. We’re about to shake up the crypto worldwith something HUGE.Decentralized finance is the future—don’t get left behind. #Crypto #DeFi #BeDeFiant — Donald Trump Jr. (@DonaldJTrumpJr) August 7, 2024 In the immediate aftermath of the announcement,…
Filed under: News - @ August 18, 2024 7:25 pm