Home web3.0 Donald Trump Holds Over $1M in Ethereum (ETH), Earned $7M From NFT Collections

Donald Trump Holds Over $1M in Ethereum (ETH), Earned $7M From NFT Collections

Aug 16, 2024 pm 06:07 PM
ETH Donald Trump NFT Collections

Former US President and Republican nominee for the 2024 presidential election Donald Trump holds over $1 million in Ethereum (ETH) and earned more than

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Former US President and Republican nominee for the 2024 presidential election Donald Trump holds over $1 million in Ethereum (ETH) and earned more than $7 million through his non-fungible token (NFT) collections.

Personal financial disclosures show that Trump’s holdings in ETH-based crypto assets range from $1 million and $5 million. Data from the blockchain intelligence platform Arkham shows that the total dollar value of Trump's crypto portfolio stands at just over $3.62 million as of 3:22 a.m. EST. This is after recent 24-hour price increases resulted in an $8K gain.

Trump also disclosed that he earned more than $7 million through his three NFT collections. One of these collections is the indictment-linked “Mugshot” project. The remaining two are trading card collections.

NFT market OpenSea shows that the Trump Digital Trading Cards collection has recorded over 15,808 ETH in trading volume since its debut.

Looking to continue the success of his NFT collections, Trump said earlier in the year that he plans on launching a new collection. In a July 16 interview with Bloomberg, he said that “the people want” him to release another NFT collection.

Towards the start of the year, Trump was a clear favorite to win this election on the decentralized betting platform Polymarket. His odds soared to a peak following the failed assassination attempt during one of his campaign rallies.

Over the past few weeks, however, Trump has lost his lead on Polymarket. Democrat rival and current US Vice President Kamala Harris has now taken the lead. Her odds on the platform surged after current US President Joe Biden announced that he will not run for a second term, choosing to endorse Harris as his replacement instead.

Odds in favor of Harris winning stand at 54% on Polymarket, while bets in favor of a Trump victory stand at 44%.

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