Donald Trump's Ethereum Wallet Earns Nearly $480,000 from Meme Coin Taxes in Four Months

Donald Trump’s Ethereum wallet has seen some impressive activity lately. In just the past four months, it received 137.3 ETH from meme coin taxes. That’s nearly $480,000 in earnings!

What’s even more interesting? His crypto earnings are on track to surpass his pension from the Screen Actors Guild and his traditional media royalties. It seems Trump’s venture into the crypto world is paying off.

According to recent financial disclosures and blockchain data, Trump is making significant passive income from Ethereum (ETH) and Polygon (MATIC). His wallets are raking in money from secondary NFT sales and taxes on various unofficial meme coins, as reported by Blockworks.

This income doesn’t require any ongoing effort from Trump or his team. It's poised to outpace the royalties he earned from "The Apprentice" in recent years. His NFT projects have proven to be particularly profitable. The official Trump Digital Trading Card collections, launched on the Polygon network, generated up to 1,237 ETH in initial sales. That was about $2.14 million at the time, and today, it’s valued at nearly $3.2 million.

On top of that, Trump earns a 10% royalty fee on secondary sales of these NFTs. Since January 2023, that’s netted him an additional 782.32 ETH, or around $2 million.

However, as NFT sales start to decline, Trump’s Ethereum wallet has found new revenue streams from various meme coins. Tokens like Save America and Trump Bucks automatically send a 2% tax to his wallet on every transaction. Over the last four months, these taxes have added up to 137.3 ETH, which is nearly $480,000. In comparison, his NFT royalties have only generated 4.5 ETH, or about $11,600, during the same period.

When you annualize these earnings, the total comes to over 425 ETH, or approximately $1.09 million at current prices. This amount significantly exceeds Trump’s pension from the Screen Actors Guild and his reported royalties from "The Apprentice" over the past year.

As Trump continues to explore the digital asset space, his passive income from crypto could become a solid financial cushion. It might even outpace the traditional income streams he has relied on in the past.

Looking ahead, the upcoming Benzinga Future of Digital Assets event on November 19 will provide a great platform for industry leaders, investors, and enthusiasts to dive into the evolving landscape of digital assets.