Trump’s Crypto Windfall
Trump’s NFT project, Trump Digital Trading Cards, sold 45,000 units for $99 each, earning him millions. He also received royalties on trading volumes, accumulating over 1,800 ETH and WETH tokens.
MAGA Coin’s Rise and Fall
Trump received a large number of MAGA Coin (TRUMP) tokens, which initially had little value. However, as Trump’s political fortunes improved, the value of TRUMP surged, making up the majority of his $8.5 million crypto holdings.
Missed Opportunities and Value Decline
Despite the initial success, Trump’s crypto portfolio has faced challenges. MAGA Coin’s value peaked at $11.56 on March 4 but has since plummeted by 61% to around $4. The decline has reduced Trump’s crypto holdings to $5.3 million, a loss of over $3 million.
MAGA’s 60% Loss
Since its peak, MAGA Coin has lost 60% of its value. The current trading price of $5.93 has significantly impacted Trump’s cryptocurrency holdings.
