TRUMP

President Donald Trump

Donald Trump

<ul> 
 <li><strong>TRUMP meme coin in Trump’s wallet soars to $1M amid political momentum.</strong></li> 
 <li><strong>Exclusive NFT trading card offer and Trump NFT collection royalties contribute.</strong></li> 
</ul> 
<p>A crypto wallet adorned with the label of former U.S. President Donald Trump has become the center of attention as the value of its TRUMP meme coin holdings skyrocketed to over $1 million. The TRUMP tokens, unrelated to the ex-President himself, were initially sent to Trump’s wallet as a marketing strategy by meme coin developers, totaling $7,100 between August and October 2023.</p> 
<p>Originally, these tokens experienced little price movement, maintaining a value of 19 cents since their issuance. However, recent victories by Trump in the primaries have reignited interest in his potential 2024 presidential campaign, causing a surge in the speculative tokens’ value to over $2 on Wednesday. With a market capitalization surpassing $85 million, the TRUMP tokens have become a focal point in the ever-expanding world of meme coins.</p> 
<p>Trump’s labeled wallet, initially holding a value of $4 million at its peak, currently boasts an impressive $2.5 million. This includes $750,000 each in ether (ETH) and wrapped ether (WETH), along with modest amounts of various other tokens, likely sent unsolicited to the wallet.&nbsp;</p> 
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  <img loading="lazy" decoding="async" width="1024" height="435" src="https://thenewscrypto.com/wp-content/uploads/2024/01/SSS22222-1024x435.png" alt="" class="wp-image-90064" srcset="https://thenewscrypto.com/wp-content/uploads/2024/01/SSS22222-1024x435.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/01/SSS22222-300x128.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/01/SSS22222-768x326.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/01/SSS22222-1536x653.png 1536w, https://thenewscrypto.com/wp-content/uploads/2024/01/SSS22222.png 1567w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Donald Trump Wallet Chart, Source: Arkham
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</div> 
<h3 class="wp-block-heading" id="h-what-s-behind-the-surge">What’s Behind The Surge?<br></h3> 
<p>Notably, the surge in the wallet’s value can also be attributed to a <a href="https://thenewscrypto.com/donald-trumps-nfts-are-live-on-bitcoin-ordinals/">strategic move</a> by Trump, involving a limited edition “One-of-One” trading card linked to Bitcoin Ordinal. This exclusive offer is reserved for enthusiasts acquiring 100 or more Mugshot Editions of the Trump Digital Trading Cards NFTs, with a hefty price tag starting at $9,900.</p> 
<p>Furthermore, the wallet’s value received a boost in December when a substantial $2.5 million in ether was transferred to the <a href="https://www.coinbase.com/">Coinbase</a> exchange. These funds were generated from royalty payments associated with the official Trump NFT collection, adding another layer of intrigue to the financial dynamics of the wallet.</p> 
<p>While the crypto space is no stranger to unconventional market trends and meme coins, the convergence of Trump’s political momentum, meme tokens, and NFTs has created a unique scenario. As blockchain technology continues to intertwine with mainstream politics, the financial landscape of crypto wallets labeled with prominent figures is proving to be a captivating intersection of digital assets and real-world influence.</p>

Donald Trump’s Wallet Value Rockets to $2.5 M with TRUMP Token Surge

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TheNewsCrypto

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