It turned out that former US President Donald Trump has a much larger sum in altcoin projects than was previously known. Official documents obtained by the government-affiliated ethics monitoring organization Citizens for Responsibility and Ethics in Washington showed that Trump had a substantial amount of $2.8 million in a cryptocurrency wallet as of early August. This statement underscores his growing involvement in the world of cryptoassets, even though he once expressed skepticism towards cryptoassets during his presidency. Here are the details…
Trump’s altcoin assets are heavily loaded
Adding to the disclosure, Trump’s non-fungible token (NFT) efforts have proven to be quite lucrative. According to the documents released, the former president received a staggering $4.87 million license fee from the NFT collection. This substantial profit marks a significant shift in Trump’s stance on cryptocurrencies, especially given his previous reservations. Although Trump’s involvement in the altcoin market was initially underrated, the NFT project titled “Trump Digital Collectible Cards” has emerged as a major player in this space. The project includes NFTs bearing pictures of the former president and has grown in popularity.
After the successful launch of the first collection, Trump followed suit in April with a second collection line, both of which sold out quickly. The emergence of Trump’s deepening ties with the cryptocurrency world coincides with a very important period in American politics. As the country prepares for the 2024 presidential election, cryptocurrencies have begun to play a central role in political discourse. Potential candidates not only acknowledge the importance of BTC and altcoin holdings. They are also announcing their intention to integrate them into their policy agendas, as we have reported as Kriptokoin.com.
It has MATIC, weTH and USDC
Democratic candidate Robert F. Kennedy Jr. He has taken a particularly bold stance by supporting the backing of the US dollar with Bitcoin (BTC) and proposing a capital gains tax exemption for cryptocurrencies. On the Republican side, Robert DeSantis, Florida governor and a candidate who lagged behind Trump in early polls, has pledged to ban central bank digital currencies (CBDCs) if he wins the presidency. Trump’s spotlight on crypto assets has also led to scrutiny of the altcoin wallet. Blockchain research firm Arkham Intelligence has identified a wallet believed to be Trump’s crypto wallet. The wallet, associated with the address 0x94845333028B1204Fbe14E1278Fd4Adde46B22ce on the Ethereum Blockchain, reportedly contains a significant cache of $2.8 million ETH.
Donald Trump’s crypto holdings are now on Arkham.
We believe @realDonaldTrump owns the wallet 0x94845333028B1204Fbe14E1278Fd4Adde46B22ce
This is supported by information from his financial statement filed on August 14th. pic.twitter.com/SHZ3kxrnOe
— Arkham (@ArkhamIntel) August 16, 2023
In addition, Arkham’s analysis indicates that Trump has small amounts of wETH, MATIC, and USDC. The transparency of blockchain technology has facilitated the public monitoring of cryptocurrency assets and transactions. As a result, movements in Trump’s altcoin wallet can be tracked in real time. Ironically, the once skeptical figure of cryptocurrencies has now become a notable player in the space, with NFT startups and key holdings highlighting the burgeoning intersection of finance, politics and digital innovation.
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