Arkham Intelligence, a blockchain data firm on Wednesday said that former President Donald Trump is the owner of a cryptocurrency wallet that collects millions of dollars in royalty payments from Non-Fungible Tokens (NFTs).
What Happened: The blockchain intelligence took to X (formerly Twitter) to share their discovery, referencing Trump’s financial statement from Monday, which mentioned a cryptocurrency balance of $2.8 million.
Arkham Intelligence further revealed Trump's wallet address 0x94845333028B1204Fbe14E1278Fd4Adde46B22ce on the Ethereum blockchain, with a total stash of $2.8 million in Ethereum ETH/USD. In addition to ETH, Trump also holds smaller amounts in wETH, MATIC, and USDC stablecoin, based on Arkham’s profile.
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Why It Matters: Data from Opensea, a popular NFT marketplace, reveals that Trump’s NFT collection has experienced a 14% increase in floor price, surging to 0.11 ETH in the past 24 hours.
Earlier reports indicated that Trump had disclosed the ownership of a crypto wallet holding up to $5 million worth of ETH. Additional financial disclosures, publicly available online, revealed that Trump had received $2.8 million in income that was deposited into the wallet. These disclosures also included earnings of $4.9 million from an NFT licensing deal with NFT INT LLC, the company responsible for two influential NFT drops in the past year.
Price Action: At the time of writing, ETH was trading at $1,789, down 0.89% over the past 24 hours, according to Benzinga Pro.
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