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Donald Trump’s crypto holdings surpassed $10 million, led by MAGA
Donald Trump’s crypto holdings surpassed $10 million, led by MAGA
Republican candidate and former US President Donald Trump has seen his on-chain cryptocurrency holdings surpass $10 million, largely thanks to his largest token investment in MAGA (ASSET). On May 29, Trump’s crypto portfolio briefly reached seven figures, according to at blockchain intelligence company Arkham.
The rise in value was primarily attributed to the MAGA memecoin, TRUMP, which reached an all-time high of $15.44 on May 29. The recent rise in TRUMP’s value can be attributed to Donald Trump’s support for cryptocurrencies. On May 25, he expressed a positive and open-minded stance towards cryptocurrency companies and the industry as a whole. With this in mind, 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, which is equivalent to approximately $8.56 million. However, TRUMP’s value has declined since reaching its peak. It is currently trading at $14.7.
In addition to his holdings in TRUMP, Donald Trump also owns a significant amount of Ethereum (ETH), with 464.2 ETH valued at approximately $1.79 million. Additionally, he holds one million MVP tokens, worth around $473,000. MVP is another memecoin that offers rewards and supports donations to the Trump election campaign. After hitting an all-time high of $0.709 on May 17, it has since seen a 33% decline, currently trading at $0.477.