Former President Donald Trump was ordered to pay a $355 million fine for fraud and profits from the sale of various assets.
The fine accumulated interest at an annual rate of 9%, and current liabilities snowballed to more than $450 million. Fines are increasing at a rate of $2.6 million per month. The penalty puts President Trump at risk of having his assets seized by the courts.
Given the costly presidential campaign and high level of financial oversight, President Trump's ability to repay the fine is questionable, and many are wondering if he will be able to repay the fine at all.
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But President Trump's cryptocurrency holdings don't really factor into this test. The holdings are a drop in the bucket compared to what's owed, but the potential price increase could help Trump pay his fine.
Trump's cryptocurrency portfolio was discovered by Arkham Intelligence, which cross-referenced Trump's financial disclosures with blockchain transactions to determine Trump's wallet address.
This wallet stores millions of dollars in cryptocurrencies, most of which are stored between three different tokens: Ethereum (ETH), Wrapped Ethereum (WETH), and MAGA Coin (TRUMP).
ETH and WETH were acquired through the Trump Digital Trading Card Non-Fungible Token (NFT) project. Although Trump was not involved in the project, the creators gave him over 1,700 ETH in royalties. In December, Trump sold 1,075 of these ETH tokens, generating $2.4 million in proceeds.
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In terms of potential growth, the approximately 700 ETH held by President Trump could be worth up to $7 million by the end of 2025, based on a $10,000 price prediction. Trump may continue to receive cash from NFT projects and royalties.
While ETH is likely to grow in the coming months and years, Trump could generate even more profits from his MAGA coin (TRUMP). The token's creator sent Trump 580,000 tokens when the project was launched in August. At the time, the token was worth a few thousand dollars, but has since risen to more than $3 million.
The token could grow further if Trump wins the November election or directly supports the project. Other meme coins such as Dogwifhat (WIF) and Bonk (BONK) have attracted billions of dollars of investment. Therefore, if MAGA coin reaches a market cap of $3 billion like WIF, the price would be around $70 and Trump's position would be worth more than $40 million.
This is unlikely to happen, as the $3 billion market cap is far from the current level of around $250 million, and a lot of things need to happen for the token to get there.
With that in mind, Trump's crypto trading is unlikely to save his financial situation. Portfolios are public, so anyone can monitor their positions and crypto holdings.
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This Article: Donald Trump's Cryptocurrency Investments Could Help Repay $450 Million in Damages.
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