Here’s How Much Donald Trump Has Raised In Crypto Donations

Former U.S. President Donald Trump continues to attract crypto donations ahead of the upcoming elections. On-chain crypto donations are approximately $60,000 while other sources soar. These on-chain donations do not include donations through centralized crypto exchanges like Coinbase.According to data from blockchain analytics firm, Breadcrumbs, on-chain crypto donations for Donald Trump’s campaign are worth $59,386. About 218 donors pulled the amount while inflows increased from other sources. James Delmore, a data analyst at Breadcrumbs noted that on-chain donations are not easy leading to a lot of inflows from crypto exchanges that are not regarded as on-chain donations. The donations received so far are sent on Ethereum, Base, and Polygon with the accepting cryptocurrency being USDC. A breakdown of funds shows about $27,500 from Polygon, 20,000 from Ethereum, and $11,300 on Base. Meanwhile, Trump’s campaign has raised over $260 million including crypto donations. Traditional donations have outpaced digital assets but many view it as a huge step towards mainstream crypto adoptions.

In a related development, the Winklevoss twins announced a $2 million Bitcoin donation to Donald Trump adding that they will support that former President because of his pro-industry stance. Trump’s campaign announced the acceptance of crypto donations in May sparking a frenzy after positioning himself as a pro-crypto candidate. The US crypto regulatory space in the last couple of years saw several lawsuits against firms with little lot no regulatory clarity.

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