Trump’s $7m crypto stash in top 5 celebrities on X

Overview of Celebrities in the Crypto Space

In the aftermath of the 2021 NFT summer, mainstream celebrities have entered the Web3 and crypto realms, with some opting to explore other opportunities while others continue to hold digital assets. Data sourced from Arkham Intelligence revealed that the top five celebrities with crypto investments and the largest followings on Elon Musk’s X platform predominantly held Ether (ETH) or NFTs.

Donald Trump’s Crypto Holdings

Former U.S. President and Republican figure Donald Trump emerged as the celebrity with the highest digital asset net worth, valued at $7 million. Trump’s primary holding included around $5.1 million in earnings from the NFT collection named TRUMP, hinting at potential expansions in his digital asset portfolio. Trump also hinted at the potential acceptance of crypto donations for his upcoming campaign activities, sparking discussions within the industry related to policy outlooks.

Celebrities and Their Crypto Net Worth

Pop icon Justin Bieber ranked second in terms of crypto assets, amounting to $451,000, with a significant portion allocated to Ether. Despite his initial involvement in the NFT space through projects like Yuga Labs’ Otherside on OpenSea, Bieber’s recent activity in the crypto sector has been limited. Additionally, soccer star Neymar and comedians Jimmy Fallon and Kevin Hart secured positions as the third, fourth, and fifth celebrities with crypto net worths of $56,000, $113,000, and $40,000, respectively.

Celebrity Involvement in NFT Markets

During the peak of the NFT craze, celebrities like Bieber and Fallon garnered attention for their substantial investments in blue-chip collectibles, including the Bored Ape Yacht Club, using millions in Ether for purchases. This trend also propelled platforms like MoonPay, offering personalized services to prominent figures exploring the speculative digital collectibles landscape. However, three years later, the NFT markets have shown a decline in popularity, with over 95% of collections now deemed valueless. Regulatory bodies like the SEC have taken actions against creators involved in potential securities violations, impacting projects such as Dapper Labs and Ashton Kutcher’s Stoner Cats.

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