#donaldtrump Says He Has 'Fun' With Crypto, Despite Losing Over $3 Million In 60 Days

Republican presidential nominee Donald Trump has been involved in various crypto projects in recent years and has embraced crypto payments. However, his crypto portfolio has recently experienced a downturn, now worth millions less than earlier this year.

Trump's involvement in the crypto space began with royalties from the Trump Digital Trading Cards NFT collection, selling 45,000 #NFTs at $99 each, earning him over 1,700 Ethereum (ETH). He later sold 1,075 ETH tokens in late 2023, generating $2.4 million in proceeds.

More recently, Trump released a collection of 1,000 sneakers at a Sneaker Con in Philadelphia, priced at $399 per pair, which quickly sold out. Trump mentioned accepting Bitcoin as payment for the sneakers, stating that he views #cryptocurrencies as "crazy new currencies" and enjoys both making money and having fun with them.

One crypto asset that Trump profited from is MAGA Coin (TRUMP), which surged from less than $0.01 at launch to an all-time high of over $11.50. Trump was gifted 580,000 TRUMP tokens at launch, initially worth a few thousand dollars but peaking at over $6.7 million. However, the price of TRUMP has since dropped, and Trump's holdings are now valued at around $2.5 million.

Since early March, Trump's portfolio has seen a $3.3 million decline. At its peak, his portfolio was valued at over $8.5 million when TRUMP reached its #ATH and #ETH🔥🔥🔥 was nearing $4,000. However, TRUMP's value has fallen by over 50% since then, along with ETH.

While ETH and TRUMP make up the majority of Trump's portfolio, he also holds over 60 other meme coins likely sent by supporters. These holdings represent only a fraction of his $5.3 million wallet address.

Despite the losses on paper, Trump remains invested in his crypto holdings, which could potentially help offset legal fees and penalties.

Source - finance.yahoo.com