Arkham Intelligence’s data tracking tool shows former US President and presidential candidate Donald Trump’s crypto portfolio now exceeds $14 million. His crypto assets include significant amounts of memecoins sent to him via airdrop by various developers. Trump was convicted of 34 felonies for falsifying business records and became the first former US president to be declared guilty.
Trump’s Portfolio Continues to Grow
Former US President and presidential candidate Donald Trump’s crypto portfolio tracked by Arkham Intelligence increased after he was found guilty 34 times for falsifying business records to influence the 2016 election. As of this writing, the total value of his crypto assets was approximately $14.2 million, up from $10 million earlier this week.
Arkham reported on May 1st via social media platform X that Trump’s crypto portfolio includes a series of memecoins sent to him via airdrop. The team stated:
“Donald Trump currently holds 8 projects in the memecoin space. These assets were given to him via airdrop by various memecoin project developers; he did not purchase them.”
Trump and the Crypto Market
Trump’s historic conviction marks the first instance of a former US president being declared guilty and deeply divides the country. Following his felony conviction, Trump’s campaign announced it raised approximately $53 million within 24 hours on the evening of May 31. Additionally, the campaign recently began accepting cryptocurrency donations via Coinbase Commerce.
Initially a critic, Trump acknowledged Bitcoin’s growing popularity and advocated for favorable regulations for crypto assets, promising to oppose President Joe Biden’s anti-crypto agenda. He also pledged to release Ross Ulbricht. Former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo views Trump as America’s first crypto president and highlights that Bitcoin futures were approved during his administration. Since leaving office, Trump has launched three different NFT collections.
