Donald Trump's Crypto Holdings Surpassed $10M, Led by MAGA
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Donald Trump's Crypto Holdings Surpassed $10M, Led by MAGA

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3 weeks ago

Republican candidate and former US President Donald Trump saw his on-chain cryptocurrency holdings exceed $10 million, largely driven by his largest token investment in MAGA (TRUMP).

Donald Trump's Crypto Holdings Surpassed $10M, Led by MAGA
Republican candidate and former US President Donald Trump saw his on-chain cryptocurrency holdings exceed $10 million, largely driven by his largest token investment in MAGA (TRUMP). On May 29, Trump's crypto portfolio briefly touched seven figures, according to blockchain intelligence firm Arkham.
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The surge in value was primarily attributed to the MAGA memecoin, TRUMP, which achieved an all-time high of $15.44 on May 29. The recent surge in TRUMP's value can be attributed to Donald Trump's endorsements of cryptocurrencies. On May 25, he expressed a positive and open-minded stance towards cryptocurrency companies and the industry as a whole. In line with this, the Trump 2024 campaign launched a fundraising page on May 21 to accept crypto donations.

According to Arkham, Trump currently holds 579,290 TRUMP tokens, equivalent to approximately $8.56 million. However, the value of TRUMP has declined since reaching its peak. It is currently trading at $14.7.

In addition to his TRUMP holdings, Donald Trump also possesses a significant amount of Ethereum (ETH), with 464.2 ETH valued at approximately $1.79 million. Furthermore, he holds a million MVP tokens, worth around $473,000. MVP is another memecoin that offers rewards and supports donations to the Trump election campaign. After reaching an all-time high of $0.709 on May 17, it has since experienced a 33% decline, currently trading at $0.477.
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