Trump’s Crypto Revenue Reaches Nearly $84 Million in Two Years
Donald Trump is not personally signing transactions on Polygon and Ethereum; however, his associated crypto projects aim to establish him as "The First Onchain President." An analysis of Trump's onchain data reveals he has generated almost $84 million in crypto revenue over two years.
Trump's four NFT collections on Polygon have produced $7.7 million in crypto revenue from primary sales and royalties on secondary sales since their launch in December 2022. This total excludes additional offchain revenue from credit card payments, which could also be significant.
Additionally, unofficial Trump memecoins like “DT Inu” and “Take America Back” have contributed approximately $240,500 to Trump via automatic transfer taxes on transactions. These coins forward small amounts of USDC or ETH to Trump's wallets during trades.
So far, $3 million in ETH has been liquidated on Coinbase from Trump's address, with 1,325.16 ETH deposited across November and December 2023. If held, this amount would have been worth $4.9 million today.
The World Liberty Financial token sale has raised over $75 million, with 80% ($61 million) coming after Trump's November win. Tron founder Justin Sun contributed $30 million, accounting for about half of the post-election funds. The platform's wallet has also acquired DeFi tokens AAVE, LINK, ENA, and ONDO, valued at $5.2 million, indicating potential integration plans with these protocols.
World Liberty Financial recently swapped around $11 million in Coinbase’s wrapped bitcoin token cbBTC for an equivalent amount of wBTC amid a legal dispute involving Coinbase and wBTC’s custodian. A federal judge ruled that Coinbase could delist WBTC without concern, allowing for this transition.
This activity illustrates Trump's deeper engagement in crypto compared to other political figures, accompanied by typical crypto market dynamics.