President-elect Donald Trump has significantly deepened his engagement with the cryptocurrency sector, amassing nearly $84 million in digital assets over the past two years.
Trump’s foray into the crypto world began in December 2022 with the launch of his first NFT collection on the Polygon network. Since then, four such collections have collectively generated approximately $7.7 million through initial sales and secondary market royalties. These NFTs were available for purchase via cryptocurrency and traditional credit card payments, though the latter’s contributions are not included in the on-chain revenue figures.
In addition to NFTs, Trump has benefited from various unofficial meme tokens, such as “DT Inu” and “Take America Back.” These tokens incorporate smart contracts that automatically allocate a portion of transaction fees to wallets associated with Trump, resulting in an additional $240,500 in revenue.
A significant portion of Trump’s crypto earnings stems from World Liberty Financial (WLFI), a decentralized finance (DeFi) platform linked to him. The platform’s token sale has raised over $75 million, with a substantial $61 million influx occurring post-election. Notably, Tron founder Justin Sun contributed $30 million to this total. WLFI’s wallet has also acquired DeFi tokens like AAVE, LINK, ENA, and ONDO, valued at $5.2 million, indicating potential strategic partnerships.
Trump’s crypto activities include the liquidation of assets; his wallets have transferred 1,325.16 ETH to Coinbase, equating to about $3 million at the time of transaction. Additionally, WLFI recently exchanged $11 million worth of Coinbase’s wrapped bitcoin (cbBTC) for an equivalent amount of wBTC, reflecting strategic asset management.
As Trump prepares to assume the presidency, his substantial involvement in the cryptocurrency domain underscores a potential shift towards more crypto-friendly policies, positioning him as a uniquely crypto-engaged Commander-in-Chief.
