DONALDTRUMP DIVES INTO CRYPTO 🚀 DESPITE LOSSES 💸💥
Republican nominee Donald Trump has recently delved into crypto projects and embraced crypto payments. However, his crypto portfolio has recently taken a hit, now worth millions less than earlier this year.
Trump's crypto journey kicked off with royalties from the Trump Digital Trading Cards NFT collection, selling 45,000 #NFTs at $99 each, earning him over 1,700 Ethereum (ETH). Later, he cashed out 1,075 ETH tokens in late 2023, pocketing $2.4 million.
Recently, Trump released a collection of 1,000 sneakers at a Sneaker Con in Philadelphia, priced at $399 each, quickly selling out. He mentioned accepting Bitcoin as payment, calling #cryptocurrencies "crazy new currencies" and enjoying making money and having fun with them.
One asset Trump profited from is MAGA Coin (TRUMP), surging from less than $0.01 to an all-time high of over $11.50. Initially gifted 580,000 TRUMP tokens worth a few thousand dollars, it peaked at over $6.7 million. However, TRUMP's price has since plummeted, now valued at around $2.5 million.
Since early March, Trump's portfolio has seen a $3.3 million decline. At its peak, valued over $8.5 million, TRUMP reached its #ATH and #ETH🔥🔥🔥 was nearing $4,000. However, TRUMP's value has dropped over 50% since, along with ETH.
While ETH and TRUMP dominate Trump's portfolio, he holds over 60 other meme coins likely sent by supporters, representing a fraction of his $5.3 million wallet address.
Despite paper losses, Trump remains invested, potentially offsetting legal fees and penalties.
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