Additional $5 Million Discovered in Donald Trump's Crypto Wallet

Former President Donald Trump's Ethereum wallet, initially known for holding around half a million dollars, has now exposed a significantly larger cryptocurrency ownership.

This development places the well-known crypto skeptic within the 'whale' realm.

In a recent submission of financial disclosure documents to the Office of Government Ethics, Trump has declared his ownership of over $2.8 million in cryptocurrency stored within an Ethereum wallet.

This updated information was brought to light by the Washington-based ethics monitor, Citizens for Responsibility and Ethics in Washington (CREW), and was shared via Twitter earlier this week.

These disclosures also unveiled that Trump's campaign earned almost $4.9 million through licensing fees tied to a collection of non-fungible tokens (NFTs).

These NFTs were launched as part of his 2024 White House bid following his prior defeat to the incumbent President Joe Biden in 2020.

What's a Crypto Whale?

Just as the oceans are ruled by massive creatures with the power to influence their environment, the world of digital assets is now inhabited by individuals or entities known as "whales."

Such "whales" stand out as holding a substantial quantity of a particular cryptocurrency.

Crypto whales aren't just ordinary investors; they can significantly impact the market dynamics due to the sheer magnitude of their holdings.

Similar to how a real whale's movements can cause ripples across the ocean, a crypto whale's transactions can cause waves of volatility within the cryptocurrency markets.

Trump's Crypto Irony?

Coinlive previously reported on Trump's initially discovered holdings of $500,000.

This development carries a touch of irony, considering Trump's past characterization of cryptocurrency as a "scam" and a "very dangerous thing."

In a December 2021 interview with Fox Business, Trump expressed his reservations about cryptocurrency, stating,

"I never loved it because I like to have the dollar. I was never a big fan, but it's building up bigger and bigger and nobody's doing anything about it. I want our currency called the dollar."