Money attracts money: Trump's NFT earnings spark curiosity

Donald Trump revealed how much he earned in total from his three NFT collections.

A new financial disclosure reveals that Republican Party candidate Donald Trump owns $5 million worth of cryptocurrency and has made more than $7 million from his NFT ventures. According to a personal financial disclosure obtained by Citizens for Ethics, Trump holds between $1 million and $5 million in Ethereum-based crypto assets.

Trump also revealed that he earned more than $7.15 million from three NFT collections, including his impeachment “Mugshot” project and two separate series of Donald Trump Trading Cards collectibles.

Trump hinted that he might launch a fourth #NFT collection, which he said has garnered support from the public, in a statement to Bloomberg on July 16. The former US president launched his “official crypto-sneaker” line on August 1, and despite its $499 price tag, the limited-edition orange high-tops, which were limited to 1,000, sold out in a matter of hours.

Blockchain analytics platform #Arkham Intelligence estimates that Trump’s Ethereum-based cryptocurrency holdings were worth $3.5 million when they were first released.

Blockchain analytics platform Arkham Intelligence estimates that Trump’s Ethereum-based cryptocurrency holdings were worth $3.5 million when they were first launched.

Trump’s crypto holdings briefly rose to $18 million in June after a major surge in a MAGA memecoin with the ticker “TRUMP.” The TRUMP memecoin was launched in August to raise funds and protect children in the U.S. Although named after the former president, it is not officially affiliated with or endorsed by Donald Trump.