Donald Trump’s Onchain Footprint Nears $84M in Crypto Revenue

While Donald Trump himself isn’t likely signing transactions on Polygon or Ethereum, his crypto projects are thriving and positioning him as “The First Onchain President.”

Analyzing Trump’s NFT collections and his upcoming DeFi platform World Liberty Financial, Trump’s onchain footprint has amassed nearly $84 million in crypto revenue over the past two years.

NFT Revenue: $7.7 Million

Trump’s four official NFT collections on Polygon have generated a combined $7.7 million in revenue. The earnings came from:

• Primary sales
• Royalties on secondary transactions

The first collection, launched in December 2022, marked Trump’s crypto debut and set the tone for further NFT initiatives.

Trump Memecoins Add $240K

Unofficial Trump-themed memecoins like “DT Inu” and “Take America Back” have further added to his revenue. These low-cap tokens automatically forward a small percentage of USDC or ETH to Trump’s wallets via transfer tax mechanisms.

To date, these memecoins have delivered $240,500 to Trump’s onchain wallets.

ETH Liquidation: $3 Million Cashed Out

Onchain data reveals that Trump’s wallet deposited 1,325 ETH to Coinbase between November and December 2023.

• The ETH liquidated was worth $3 million at the time.
• If held, it would be valued at $4.9 million at today’s prices.

World Liberty Financial Raises $75 Million

Trump-linked DeFi platform World Liberty Financial (WLFI) has been the largest contributor to his crypto footprint. The token sale gained significant traction, especially after Tron founder Justin Sun invested $30 million, pushing WLFI’s total raise to over $75 million.

• $61 million was raised after Trump’s November victory, signaling strong post-election investor confidence.

Strategic Accumulation of DeFi Tokens

World Liberty Financial’s wallet has also accumulated:

• AAVE
• LINK
• ENA
• ONDO

The combined holdings are worth $5.2 million and appear to align with the platform’s DeFi integration plans, particularly in light of:

• Ethena Labs’ strategic partnership with WLFI
• A collaboration temp check with Aave, proposed in October

Crypto Drama: Switching Wrapped Bitcoin

Adding to the intrigue, World Liberty Financial recently sold $11 million in Coinbase-wrapped bitcoin (cbBTC) and simultaneously picked up an equivalent amount of wBTC.

The move comes amid Coinbase’s brief legal spat with wBTC custodian BiT Global over delisting concerns tied to Justin Sun’s affiliations. On Wednesday, a federal court ruled in Coinbase’s favor, allowing it to delist wBTC.

Conclusion: Trump’s Growing Crypto Legacy

Whether it’s NFTs, memecoins, or DeFi ventures, Donald Trump’s onchain involvement is deeper than any previous Commander-in-Chief or U.S. politician. With nearly $84 million in cumulative revenue and ongoing ties to major DeFi protocols, Trump’s status as “The First Onchain President” continues to grow – complete with the traditional crypto drama to match.