Trump's $7M Crypto Stash Among Top 5 Celebrities on X

Since nft Summer 2021, top celebrities have dabbled in Web3 and cryptocurrencies, but most have left the industry to pursue other endeavors, while others still have assets.

Data x.com/ArkhamIntel/status/1790014778519265463″ target=”_blank” rel=””>provided from Arkham Intelligence showed that the five celebrities with cryptocurrency holdings and the most followers on Elon Musk's x primarily owned Ether (eth) or nfts.

Former US president and Republican candidate Donald Trump had the largest net worth in digital assets, valued at $7 million. Trump's biggest share was around $5.1 million in proceeds from the nft collection titled TRUMP, but he could open a corridor for more digital asset partnerships.

Trump recently hinted that his campaign could accept crypto donations as the United States holds elections in late November and engaged industry voices regarding political issues.

Pop star Justin Bieber came in second with $451,000 in blockchain assets, of which $433,000 was domiciled in eth. However, Bieber's last activity was two years ago and was linked to Yuga Labs' Otherside project on the OpenSea nft marketplace.

Soccer star Neymar and comedians Jimmy Fallon and Kevin Hart took third, fourth and fifth place, respectively. According to Arkham, the trio has crypto assets of $56,000, $113,000, and $40,000.

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During the nft peak, celebrities like Bieber and Fallon made headlines for purchasing high-end collectibles like the Bored Ape Yacht Club for millions in eth. The trend also boosted platforms like MoonPay, which offered a concierge service to popular figures interested in speculative markets for digital collectibles.

Three years later, nft marketplaces have become a secondary sector for the industry, and more than 95% of these collections are now worthless. Regulators like the SEC have gone after well-known creators.

Projects like Dapper Labs and Ashton Kutcher's Stoner Cats have been sued for allegedly selling unregistered securities to vulnerable investors.