Here's How Much Trump Could Have Had Today If He Didn't Sell His Ethereum Back In December

Here's How Much Trump Could Have Had Today If He Didn't Sell His Ethereum Back In December
Here's How Much Trump Could Have Had Today If He Didn't Sell His Ethereum Back In December

As the upcoming elections draw closer, former President Donald Trump’s involvement in various sectors, including cryptocurrency, could play a significant role. Many are wondering if Trump is a big crypto investor himself as recent data from Arkham Intelligence reveals that Trump reached a quick $33 million high last week. According to Arkham, he currently holds 475.6 ETH, worth $1.73 million.

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In December 2023, Trump sent over 1,000 Ethereum (ETH) tokens to Coinbase, presumably to sell. At the time, the Ethereum was worth $2.3 million. However, ETH has since performed well, and Trump may regret selling too soon.

If Trump were still holding all 1,075 ETH he sent to Coinbase, they would be worth around $3.9 million, nearly 60% higher than what he sold them for, as ETH reached higher than $3,600 today. If he held and sold now instead, Trump could have had $1.6 million more in his portfolio.

With many investment management firms aiming to list spot Ether ETFs, some experts believe that Ethereum’s continued market share growth and its leading status among smart contract platforms could propel its value to a $2.2 trillion market cap, or approximately $22,000 per coin, by 2030.

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While Trump might regret his sale, the ETH was free. He acquired the tokens through an NFT project that utilized his name, image, and likeness, granting Trump royalties through his licensing deals.

The Trump Digital Trading Cards project was minted in December 2022 for $99 each. The 45,000 unique NFTs feature photos of Trump in different settings and poses. Currently, the cheapest NFT is on sale for a little less than $500 (0.14 ETH), and the most expensive sale goes for 37 ETH (worth nearly $150,000 at the time).

However, the Trump NFT projects do not stop there. Trump released another project in late 2023, coined the "Mugshot Edition," a nod to his legal troubles. It offered personalized rewards, with those who bought at least 47 Trump cards getting to have dinner with him at Mar-a-Lago and receiving a piece of the suit Trump wore for his mugshot when he was arrested in August.

As Trump continues to earn royalties and performs well on the campaign trail, it will be interesting to see how he manages his ETH position going into the presidential election in November. Mark Cuban said earlier this week on X, that crypto could be a big factor in tipping the scale in favor of Trump this November.

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This article Here's How Much Trump Could Have Had Today If He Didn't Sell His Ethereum Back In December originally appeared on Benzinga.com

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