Feel the Bitter Experience, Donald Trump Loses $3 Million in Crypto!

thecekodok


"Everyone has suffered a loss, so Trump should not be ashamed."


Donald Trump, the former President of the United States (US) who was recently pro-cryptocurrency has lost more than $3 million from $8.5 million to $5.3 million in his portfolio as a result of the drop in the price of Ethereum (ETH) and TRUMP in the previous month.


There is no denying that Trump over the past year has generated millions of United States (US) dollars in digital assets, but his portfolio has unfortunately fluctuated due to the increased volatility in the crypto market.


Trump's crypto holdings began through the introduction of the Trump Digital Trading Card where the sale of 45,000 non-fungible tokens (NFT) in December 2022 at a price of $99 apiece has resulted in him receiving royalties from trading volumes including 1,800 ETH and WETH.



A day later after its launch, all the cards that cost $99 were sold, then Trump and his business partner NFT INC LLC in April 2023 acted to launch the second batch which was also completely sold out.


It was reported that Trump not only collected more than $8.9 million through the sale but also received $298,000 in licensing fees from his transaction and it should be known that CIC Digital which is responsible for collecting licensing fees is now holding his wallet.


So here it can be seen that the pro-crypto Trump has kept the digital asset voters interested in his policies, but his related trade alone is not enough to persuade the sizable number of crypto voters.


Based on survey data from Coinbase and Morning Consult Forbes, 22% of respondents who own Bitcoin (BTC) identified as Democrats while 18% as Republicans and 22% as Independents.

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