In the last 24 hours, a crypto wallet identified as belonging to Donald Trump saw nearly $500,000 in new deposits across a slew of different tokens, including Ethereum.
The wallet movements come after a 12-person jury in New York yesterday found Trump guilty of 34 charges of falsifying business records.
He may face a jail sentence and attempt to overturn the verdict on appeal.
According to analytics platform Arkham Intelligence, the former president now holds more than $12 million in cryptocurrencies. The platform tied the wallet to Trump via his financial statements from August 2023.
His largest token holding is in the eponymously named TRUMP memecoin.
On May 24, Trump’s wallet held about $9 million worth of crypto.
The verdict has galvanised supporters, who view the trial as political persecution aimed at weakening his chances of beating President Joe Biden.
Trump cemented his support of crypto earlier this month and said that his campaign will accept crypto donations.
Crypto market movers
Bitcoin is up 0.2% in the last 24 hours to $67,902.
Ethereum has also risen 0.2% over the same period to about $3,742.
What we’re reading
Is Bitcoin on balance sheets the new trend? Wall Street experts weigh in — DL News
Judge Orders SEC To Pay $1.8 Million In Legal Fees, Dismisses Case Against Debt Box — Milk Road
Crypto Tax Loss Harvesting — Milk Road
Wall Street’s DeFi land grab means less anonymity, more ID checks — DL News
Liam Kelly is a DeFi Correspondent at DL News. Got a tip? Email at liam@dlnews.com.
