President Trump’s push into crypto is proving to be very lucrative.
A so-called “unlock” of Trump meme coins is expected to add nearly $100 million to the president’s fortune, according to a report.
Starting Thursday, entities tied to the president will be able to sell 90 million of the $Trump tokens – worth nearly $930 million at Wednesday’s price of $10.30, according to crypto research site Messari.
A so-called “unlock” of Trump meme coins this week is expected to add nearly $100 million to the president’s fortune. NurPhoto via Getty Images
Trump’s share of the coins will add $93 million to his $6.4 billion fortune, according to Bloomberg. His net worth has not previously included the locked coins’ value.
He also has made about $150 million from trading of the meme coin through mid-June, according to an analysis by crypto-risk modeling firm Gauntlet.
The unlock will increase the coin’s