TRUMP

President Donald Trump

Donald Trump

MAGA

<p>Former US President Donald Trump now holds $1 million of the MAGA (TRUMP) meme coin after a staggering 15,000% price gain.</p>
<p>The Republican presidential aspirant received $7.1K worth of TRUMP meme coin from the developers last year. On August 19, he received the first batch of 469,000 TRUMP worth $5,600 at the time. In October, he received additional tokens valued at $1,500.</p>
<p>According to Arkham Intelligence, the value of his holdings has since surged to a value surpassing $1 million. Developers sometimes send free tokens to the addresses of high-profile names as a way to promote the coin and generate a buzz around it.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Donald Trump makes $1M on TRUMP Memecoin</p>
 <p>Donald Trump’s holdings of TRUMP have just passed $1M.</p>
 <p>He originally received $7.1K of TRUMP from the TRUMP team between August-October 2023, which is now worth over $1.07M.</p>
 <p>That’s 150x. <a href="https://t.co/u1Em8xReUl" rel="noopener noreferrer nofollow">pic.twitter.com/u1Em8xReUl</a></p>
 <p>— Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1749441406966374809?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 22, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>TRUMP was trading at $1.83 at 05:14 EST, according to CoinGecko, bringing his holdings to $1.06 million.</p>
<h2 id="a-purely-speculative-memecoin">A Purely Speculative Memecoin</h2>
<p>The TRUMP meme coin is not affiliated with the former US President, but its performance is tied mainly to the strides Trump is making in his presidential campaign.</p>
<p>For months after its launch, the value of TRUMP remained largely unchanged. However, Trump’s recent win in the primaries and <a href="https://insidebitcoins.com/news/pro-crypto-presidential-candidate-vivek-ramaswamy-suspends-campaign-and-endorses-donald-trump" target="_blank" rel="noopener noreferrer nofollow">endorsement</a> by Vivek Ramaswamy is moving the meme coin’s price.</p>
<p>TRUMP hit an all-time high of over $2 on January 23. Its market cap has grown to over $86 million.</p>
<h2 id="donald-trump-foray-into-crypto">Donald Trump Foray into Crypto</h2>
<p>Trump’s crypto wallet has $2.53 million worth of crypto. His second-largest holding after TRUMP is Ether, worth $760K. He also holds $741K in Wrapped Ether (WETH) and $3.5K worth of MATIC.</p>
<p>Trump has launched several non-fungible tokens (NFT) collections. He is set to expand his NFT offerings by releasing a new collection using the Ordinals Protocol on the Bitcoin network.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">TRUMP DIGITAL TRADING CARDS on BITCOIN ORDINALS 🟧 The FIRST EVER Trump Trading Cards on Bitcoin. Read this thread ⬇️</p>
 <p>— CollectTrumpCards (@CollectTrump) <a href="https://twitter.com/CollectTrump/status/1748054959843622941?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 18, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Despite dipping his toes into crypto, Trump has previously <a href="https://twitter.com/realDonaldTrump/status/1149472285905940480" target="_blank" rel="noopener noreferrer nofollow">declared an anti-crypto stance</a>, saying he is not a fan of cryptocurrencies.</p>
<h3 id="also-read">Also Read</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/pro-crypto-presidential-candidate-vivek-ramaswamy-suspends-campaign-and-endorses-donald-trump" rel="noopener noreferrer nofollow">Pro-Crypto Presidential Candidate Vivek Ramaswamy Suspends Campaign And Endorses Donald Trump</a></li>
 <li><a href="https://insidebitcoins.com/news/trump-launches-once-again-into-nfts" rel="noopener noreferrer nofollow">Trump Launches Once Again into NFTs</a></li>
 <li><a href="https://insidebitcoins.com/news/donald-trump-vows-to-stop-cbdc-creation-in-u-s-calls-it-dangerous-threat-to-freedom" rel="noopener noreferrer nofollow">Donald Trump Vows To Stop CBDC Creation In US, Calls It “Dangerous Threat To Freedom”</a></li>
</ul>
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Donald Trump Holds $1 Million In TRUMP Meme Coin After 15,000% Gain

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