Posted 2/16/2024, 10:00:10 PM
Trump Cashes Out Over $2 Million in Ethereum from Trump-Themed NFT Projects
- Donald Trump sold over 1,000 Ethereum (ETH) tokens over several weeks in early 2024, worth about $2.4 million at the time
- The ETH came from NFT projects using Trump's name and image, which brought in over 15,500 ETH in trading volume
- If Trump had held onto the 1,075 ETH he sold, it would now be worth around $500,000 more due to ETH's price increase
- Trump recently launched another NFT project based on his mugshot that also offers physical rewards
- It's unclear if Trump will sell more ETH before the 2024 election, but Ethereum upgrades and potential ETF approvals could impact prices