• Former President Donald Trump reportedly holds between $250,000 to $500,000 in Ethereum (ETH).
• After leaving office, Trump unveiled a “ limited edition collection ” of 44,000 NFTs which raised over $8.9 million.
• With the current Ethereum stats from CoinMarketCap, ETH is valued at $1,848.13 and its weekly progress stands at a positive 1.05%.
Trump’s Involvement with Ethereum
Former President Donald Trump reportedly holds between $250,000 to $500,000 in Ethereum (ETH). This news has certainly stirred some buzz in the cryptocurrency world! Trump’s involvement with Ethereum correlates with his NFT ventures which raised over $8.9 million after his presidential tenure ended.
Trump’s NFT Ventures
After leaving office, Trump unveiled a “limited edition collection” of 44,000 NFTs depicting him in different avatars such as hunter camouflage and superhero outfits. These cards sold out promptly and earned him licensing fees worth around $298,000. All these transactions were processed under CIC Digital – the entity managing Trump’s Ethereum wallet.
Ethereum’s Market Performance & Potential Growth
Currently on CoinMarketCap, ETH is valued at $1,848.13 and has seen a 0.05% gain in the past 24 hours with its weekly progress standing at a positive 1.05%. Technical analysis suggests that if ETH surpasses the 50-day EMA line set at roughly $1,860.86 it might target the next resistance at $1,915; paving way for possible ascension to $1,980 or alternatively fall to a potential low of ~$1775 if it dips below the 9-day EMA line.
SEC Stance on Cryptocurrency
Despite President Donald Trump having previously expressed skepticism about cryptocurrencies calling them as “highly volatile” and “based on thin air” his foray into Ethereum is undeniable given his recent investments into it through his NFT ventures .
The article highlighted former US president Donald Trump’s reported sizable chunk of investments into Ethereum (ETH) post his presidential tenure ending and how this venture has proved to be lucrative for him so far despite SEC’s stance on cryptocurrencies being skeptical .