MAGA 2024

MAGA

Donald Trump

<ul class="list-ic vertical">
 <li>1 <a>Donald Trump is accumulating more crypto than ever.</a></li>
 <li>2 <a>Trump’s wallet has reached a valuation of approximately $10 Million.</a></li>
 <li>3 <a>The increase is driven by the growth in MAGA meme coin trading with the ticker TRUMP.</a></li>
</ul>
Former US President and leading US presidential candidate Donald Trump has always been vocal about his optimistic views on cryptocurrencies and the digital asset industry. Additionally, he has always been open about his crypto holdings and wallet.
On May 27, Donald Trump’s crypto wallet reached a valuation of $10 Million, brought to viewers’ attention by Arkham Intelligence.
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 <blockquote class="twitter-tweet">
 BREAKING: Donald Trump now holds $10M in crypto Donald Trump’s on-chain holdings surpassed $10 Million this morning, mainly fuelled by the rise in price of the <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TRUMP</a> coin – of which Trump currently holds $7.3M. <a href="https://t.co/rkQi6SLvvG" rel="noopener noreferrer nofollow">pic.twitter.com/rkQi6SLvvG</a>— Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1795085557715861918?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 27, 2024</a>
 </blockquote>
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Arkham Intelligence is an on-chain analytics platform that aims to simplify blockchain data by converting raw and cryptographic data into human-readable formats.
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="954" height="611" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-358.png" alt="" class="wp-image-207166" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-358.png 954w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-358-300x192.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-358-768x492.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-358-750x480.png 750w" sizes="(max-width: 954px) 100vw, 954px">
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Source: Arkham Intelligence
The graph shows the portfolio’s growth since the beginning of 2023, when a significant increase along with an all-time high was marked.
<h3 class="wp-block-heading" id="strong-deep-dive-into-trump-s-crypto-wallet-strong">Deep Dive into Trump’s Crypto Wallet</h3>
At press time, Donald Trump’s crypto wallet was valued at $9,598,450.45 after experiencing a decline of $481.39K, as it hit a value of $10 Million just a day before.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/ESgVuMnMniuHmjk9zPNsGAAcZ7WfNo8Uf3AT7DDY2Q0GpcM4Gu6VZk0C237rZfjf8umfsrGEXAKRnri1guuFhYOImO7mvRFHrLUheJ-pxkW28capyqYlhojxte-A5RxX_UoYUT0jjq4bx0vfXpCjkD4" alt="">
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Source: Arkham Intelligence
The above image shows total valuations and decline in a day in Donald Trump’s portfolio.
His portfolio has a maximum investment in a meme coin, <a href="https://www.thecoinrepublic.com/2024/05/27/maga-not-usd-getting-attention-this-election-season-20-next/" target="_blank" rel="noopener noreferrer nofollow">MAGA</a>, which trades with a ticker TRUMP. His portfolio holds 579.29K TRUMP, which had a valuation of $6.91 Million.
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 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/YMGHa3cOP7cxJflAgK7O3IdzbJUbVckFG7Ge7Q6_wqohOaLGefd8CObISI7eWy4dYXztVIGVedqguD-FZsQHCqOcth9IFYmq4Gda6_hAwOn_4-rlfZ9VrjmOKspQVeljfYXEWbfAAekLMo-hIW_mT9M" alt="">
 </figure>
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Source: Arkham Intelligence
The second largest valuation contributor to his portfolio is his investment in Ethereum, which holds a valuation of $1.79 Million. He holds 464.277ETH at a price of $3,850.12.
Other valuations in the portfolio include MVP, CONAN, BABYTRUMP, USDC, and more. He has invested in memecoins, altcoins and stablecoins.
<h3 class="wp-block-heading" id="strong-what-led-to-the-sudden-hike-in-his-portfolio-valuation-strong">What Led to the Sudden Hike in his Portfolio Valuation?</h3>
The sudden increase in the TRUMP coin price led to a significant increase in the wallet valuation. On May 26, the MAGA token experienced a rise of a whopping 36%, leading to an increase from $8.969 to $12.213.
Moreover, MAGA sustained the growth with a slight decline of approximately $1.75%. The following day, it experienced a 2.70% increase, recovering from the previous decline and leading to a valuation of approximately 12.290.
Despite MAGA’s increase in value, the portfolio’s total valuation has declined from $10 Million. A probable reason for this decline is Ethereum’s decrease in value by 1.19% at the time of writing. ETH was trading at $3843.42.

Former President Trump’s Crypto Wallet Grows With MAGA Surge

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Thecoinrepublic.com

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