Former U.S. President and presidential candidate Donald Trump‘s cryptocurrency holdings have surpassed $14 million, according to Arkham Intelligence’s onchain tracking tool. His portfolio includes a significant amount of meme coins, which were airdropped to him by various developers. Trump has been convicted of 34 felony counts related to falsifying business records, marking the first time a former U.S. president has been declared a felon.
Donald Trump’s Crypto Holdings Surpass $14 Million
Former U.S. President and presidential candidate Donald Trump’s crypto portfolio, tracked by Arkham Intelligence, has increased after he was found guilty of 34 counts of falsifying business records to influence the 2016 election. As of the latest update, his crypto holdings total nearly $14.2 million, up from $10.1 million reported earlier in the week.
Trump’s crypto portfolio also includes several meme coins, which were airdropped to him, as detailed by Arkham on the social media platform X on Saturday. “Donald Trump now holds 8 figures in memecoins. These holdings have been airdropped to him by developers of various memecoin projects — he did not buy them himself.” The bulk of his portfolio is in the meme coin maga (TRUMP).
The historic verdict against Trump marks the first instance of a former U.S. president being declared a felon, deeply dividing the nation. Following his felony conviction, Trump’s campaign announced that nearly $53 million was raised within 24 hours. Additionally, the campaign has started accepting cryptocurrency donations via Coinbase Commerce.
Initially a critic, Trump has acknowledged bitcoin’s growing popularity and pledged to oppose President Joe Biden’s anti-crypto agenda, advocating for favorable regulations for digital assets. He also promised to free Ross Ulbricht. Former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo considers Trump America’s first crypto president, highlighting that bitcoin futures were approved during his administration. Since leaving office, Trump has launched three non-fungible token (NFT) collections.
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