Ethereum
Here’s how much Trump could have had today if he hadn’t sold his Ethereum in December
Here’s how much Trump could have had today if he hadn’t sold his Ethereum in December
As the next election approaches, former President Donald Trump’s involvement in various sectors, including cryptocurrency, could play a significant role. Many are wondering if Trump is a big investor in crypto himself, as recent data from Arkham Secret Service reveals that Trump reached a quick agreement $33 million maximum last week. According to Arkham, he currently holds 475.6 ETH, worth $1.73 million.
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In December 2023, Trump sent 1,000 Ethereum (ETH) tokens to Coinbase, probably to sell. At the time, Ethereum was worth $2.3 million. However, ETH has since performed well and Trump may regret selling it too soon.
If Trump still held the 1,075 ETH he sent to Coinbase, it would be worth around $3.9 million, almost 60% more than the price he sold it for, since ETH has reached more of $3,600 today. If he had held on and sold now, Trump could have had $1.6 million more in his wallet.
While many investment management firms aim to list spot Ether ETFs, some experts believe that Ethereum’s continued growth in market share and leading status among smart contract platforms could propel its value to a higher level. Market capitalization of $2.2 trillionor approximately $22,000 per piece, by 2030.
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Even though Trump might regret his sale, ETH was free. He acquired the tokens via a NFT project that used his name, image and likeness, granting royalties to Trump through its licensing deals.
The Trump Digital Trading Cards project premiered in December 2022 for $99 each. The 45,000 unique NFTs feature photos of Trump in different settings and poses. Currently, the cheapest NFT is on sale for just under $500 (0.14 ETH), and the most expensive sale goes for 37 ETH (worth almost $150,000 at the time) .
However, the Trump NFT projects don’t stop there. Trump released another draft in late 2023, dubbed the “Mugshot Edition,” a nod to his legal troubles. It offered personalized rewards, with those who purchased at least 47 Trump cards getting to dine with him at Mar-a-Lago and receiving a piece of the costume Trump wore for his photo during his arrest in August.
As Trump continues to earn royalties and performs well on the campaign trail, it will be interesting to see how he manages his ETH position ahead of the November presidential election. Mark Cuban said earlier this week X, this crypto could be an important factor in tipping the scales in favor of Trump in November.
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