Former President Donald Trump ventured into the world of digital money and faced both successes and setbacks. Reports show that Trump earned millions from his crypto investments, but the unpredictable nature of the crypto markets has caused losses in his portfolio.

Trump's Success Story

It all started when Trump's name and image were used in an NFT project called Trump Digital Trading Cards. These unique digital cards, priced at $99 each, quickly became popular and sold 45,000 units in December 2022. Trump has since earned royalties and amassed over 1,800 Ethereum and Wrapped Ethereum tokens.

Unexpected Turns in Crypto

Along the way, Trump received a large number of MAGA Coin tokens, a meme coin dedicated to him. The token's value increased significantly as Trump performed well in elections, leading to his portfolio hitting $8.5 million, mostly due to MAGA Coin.

Decline in Value

Despite the initial success, Trump's crypto investments faced challenges recently. The prices of MAGA Coin and Ethereum dropped significantly. MAGA Coin, which peaked at $11.56 per token on March 4, has now dropped to around $4, marking a 61% decrease in value over the past month.

60% Drop in MAGA Coin Value

Since its peak in March, MAGA Coin's price fell by over 50%, with the token now trading at $5.93. This decrease has negatively impacted Trump's crypto holdings, which have fallen to $5.3 million. The missed opportunity to sell during the peak in March has led to further declines in value.