Donald Trump Says He Has ‘Fun’ With Crypto, Despite Losing Over $3 Million In 60 Days

Donald Trump Says He’s Having ‘Fun’ With Crypto Despite Losing More Than $3 Million In 60 Days

Republican presidential candidate Donald Trump has leveraged numerous crypto projects and accepted crypto as payment over the past few years.

But recently his crypto portfolio has suffered a downturn and is now worth millions of dollars less than it was at the beginning of this year.

Trump began earning crypto as royalties from a collection of non-fungible tokens (NFTs) from Trump Digital Trading Cards, which used his name to sell 45,000 NFTs for $99 each. Trump earned more than 1,700 Ethereum (ETH) from the project. In late 2023, it sold 1,075 tokens, generating $2.4 million in revenue.

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More recently, Trump released a collection of 1,000 sneakers at Sneaker Con in Philadelphia. The shoes, which were sold for $399 a pair, sold out in a short time.

“Sometimes we allow people to pay via Bitcoin…it is an additional form of currency…so much [of the sneakers] “I make money with it, I have fun with it. Crazy new currencies, that’s what I call them. They’re crazy new currencies, whether it’s Bitcoin or others,” Trump said. “

One of the “crazy new currencies” that Trump has made millions from is MAGA Coin (TRUMP). Launched last August, the token rose from less than $0.01 at launch to an all-time high (ATH) of over $11.50. The project’s creators gifted Trump 580,000 tokens at the launch, worth only a few thousand dollars at the time. At TRUMP’s height, the position was worth over $6.7 million.

TRUMP’s price has dropped significantly since then, and TRUMP tokens are worth approximately $2.5 million.

Trump has lost $3.3 million since the beginning of March. At the time TRUMP hit ATHs and ETH was approaching $4,000, Trump’s crypto portfolio was worth over $8.5 million. Since then, TRUMP’s value has dropped over 50% and ETH has also lost a fair amount of value.

Trump’s portfolio consists mostly of ETH and TRUMP, but he also holds more than 60 meme coins that were likely sent to him by fans. These assets make up only a small portion of the $5.3 million wallet address.

While Trump claims to be “having fun” with “crazy new currencies,” he sees the value of his portfolio drop significantly. Losses remain on paper and do not materialize. Trump will likely continue to hold his position, which could be a useful asset to pay mounting legal fees and fines.

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Donald Trump Says He’s Having ‘Fun’ With Crypto Despite Losing More Than $3 Million in 60 Days This article originally appeared on Benzinga.com

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