Former U.S. President and presidential candidate Donald Trump’s crypto portfolio now exceeds $14 million, according to Arkham Intelligence’s onchain tracking tool. His crypto holdings include 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.
Trump’s Crypto Portfolio Rises to $14.2 Million Post-Conviction
Former U.S. President and presidential candidate Donald Trump’s crypto portfolio, tracked by Arkham Intelligence, has risen after he was found guilty of 34 counts of falsifying business records to influence the 2016 election. As of writing, his crypto holdings total nearly $14.2 million, an increase from $10.1 million reported early this week.
Trump’s crypto portfolio also holds a number of meme coins, which were airdropped to him, Arkham detailed on social media platform X 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).
Donald Trump’s crypto portfolio. Source: Arkham
Trump’s Historic Verdict and Cryptocurrency Advocacy
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 on Friday evening that nearly $53 million was raised within 24 hours. Additionally, the campaign recently 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.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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