Donald Trump has been involved with cryptocurrency over the past several years, bringing in millions and generating largely profitable investments. Most of these gains have come in 2024 due to the increase in the price of many cryptocurrency assets, as well as smaller projects taking off in popularity. Additionally, Trump made huge gains in early May after speaking positively about cryptocurrency to his supporters.
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Trump took a break from the ongoing trial to host an NFT event for supporters of his "Trump Digital Trading Cards ‘Mugshot Edition'" NFT collection. Customers who bought 47 or more NFTs, priced at $99 each, were invited to join Trump in Mar-a-Lago for a dinner and to hear him speak about cryptocurrency.
"The Democrats are very much against it [crypto]. And I say this, a lot of people are very much for it…and I’m fine with it. I want to make sure it’s good and solid…but I’m good with it. If you like crypto in any form, and it comes in a lot of different forms, you better vote for Trump," he said.
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Additionally, the project sent Trump 580,000 tokens when they released the token. At the time, TRUMP was worth less than $0.01, and the position was only worth a few thousand dollars. However, the price of TRUMP went as high as $11.56 in March, and Trump's position is now worth millions.
In addition to TRUMP, the portfolio also holds ETH and WETH, which were received from the NFT project, as well as 50+ other small memecoins.
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