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

As an analyst with a background in the crypto and NFT industry, I’ve closely followed the trends and developments over the past few years. The recent data from Arkham Intelligence regarding celebrities and their crypto holdings is an interesting insight into how some high-profile figures have navigated this volatile space.

Starting from the 2021 NFT boom, many mainstream celebrities entered the world of Web3 and cryptocurrencies. However, the majority of them have since moved on to other projects, leaving their digital assets behind. A few celebrities remain active in this space.

According to Arkham Intelligence’s data, among the five celebrities with significant crypto holdings and a large following on Elon Musk’s X platform, the majority held Ether (ETH) or Non-Fungible Tokens (NFTs).

As an analyst, I’d rephrase it this way:

Trump has indicated that his presidential campaign could potentially accept cryptocurrency donations during the upcoming U.S. elections in November. He has also been in discussions with industry figures on policy-related issues.

Justin Bieber ranked second among celebrities with a blockchain asset value of approximately $451,000. A significant portion, around $433,000, was held in Ethereum (ETH). However, the last recorded interaction related to this wealth was two years ago and involved Yuga Labs’ Otherside project on the popular NFT marketplace, OpenSea.

As a researcher examining the cryptocurrency holdings of notable figures, I’ve discovered that soccer icon Neymar, followed by comedians Jimmy Fallon and Kevin Hart, rank third, fourth, and fifth respectively in terms of their net worths within this sphere. According to my findings, Neymar holds a crypto fortune amounting to approximately $56,000, while Jimmy Fallon’s is estimated at around $113,000, and Kevin Hart’s stands at roughly $40,000.

As a data analyst, I’ve identified and categorized over a hundred celebrities with more than one million followers on Arkham. Here are the top five, ranked by their crypto holdings:

— Arkham (@ArkhamIntel) May 13, 2024

At the height of NFT popularity, celebrities including Bieber and Fallon made news by investing vast amounts of ETH, approximately millions in our currency, on coveted digital collectibles such as Bored Ape Yacht Club pieces from this esteemed collection. Additionally, platforms like MoonPay experienced a surge in demand as they provided personalized services to famous individuals exploring the exciting yet uncertain realm of speculative NFT markets.

Approximately three years have passed, and the NFT market sector has taken a back seat in the industry. Over 95% of existing NFT collections currently hold no value. Regulatory bodies such as the SEC have been actively targeting identified creators.

Dapper Labs and Ashton Kutcher’s Stoner Cats are facing lawsuits over accusations that they sold unregistered securities to unsuspecting investors.

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2024-05-13 21:10