Trump nears whale status with Ethereum wallet worth up to $5 million

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Trump nears whale status with Ethereum wallet worth up to $5 million
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Former President Donald Trump owns up to $5 million worth of ether and earned $4.9 million from NFT licensing fees, filings show.

In royalties collected from secondary sales, Trump's two series of NFTs have generated $2.6 million, according to The Block Research analyst Brad Kay. The four digital wallets which receive those revenues currently hold about $3 million worth of ether, he said.

Although Trump's holding in the filing of $2.8 million is very close to the amount held in the four wallets associated with the NFT collections, NFT INT LLC states on its website for the digital trading cards that it is a separate entity.."NFT INT LLC uses Donald J. Trump's name, likeness and image under paid license from CIC Digital LLC."

Trump is listed as CIC Digital LLC's manager, president, secretary and treasurer, according to CREW's© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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