Former U.S. President Donald Trump has been ordered to pay a fine of $355 million, as well as penalties on profits from various asset sales.
These fines accumulate interest at a rate of 9% per year, ballooning to a current debt exceeding $450 million. The fines increase by $2.6 million every month, putting Trump's assets at risk of court seizure.
Due to the expensive costs of presidential campaigns and high financial scrutiny fees, Trump's ability to repay the fines has come into question, with many doubting his ability to do so.
However, Trump's cryptocurrency holdings have not been considered in this dilemma. Although these holdings are insignificant compared to the amount owed, potential price increases could help Trump pay the fines.
Trump's cryptocurrency portfolio was discovered by Arkham Intelligence, which cross-referenced Trump's financial disclosures with blockchain transactions to find his wallet address.
This wallet holds millions of dollars in cryptocurrencies, mostly distributed among three different tokens: ETH, WETH, and MAGA.
ETH and WETH were acquired through Trump's digital trading card non-fungible token (NFT) project. Although Trump is not directly involved with the project, the creators gave him royalties exceeding 1,700 ETH. In December last year, Trump sold 1,075 ETH tokens, earning $2.4 million.
Regarding potential growth, the remaining approximately 700 ETH in Trump's hands could be worth up to $7 million by the end of 2025, based on a price prediction of $10,000 per token. Trump could also continue to receive cash from the NFT project and royalties in the future.
Although ETH may grow in the coming months and years, Trump could profit more from MAGA. The creators of this token sent Trump 580,000 tokens at the project's launch last August. At that time, these tokens were worth a few thousand dollars, but they have now appreciated to over $3 million.
If Trump wins the election in November or endorses the project directly, the token may continue to grow. Other meme coins, such as dogwifhat and Bonk, have already attracted billions of dollars in investment. Thus, if MAGA reaches a market cap of $3 billion, similar to WIF, the price would be about $70, making Trump's position worth over $40 million.
This scenario is unlikely to occur, as a market cap of $3 billion is far below the current level of approximately $2.5 billion, and reaching that level would require many events to happen.
Considering this, Trump's cryptocurrency trades have a small possibility of assisting his financial situation. Since this portfolio is public, anyone can monitor his positions and the amounts he holds in cryptocurrency.
Cheng Yuan
