HomeCryptoDonald Trump's cryptocurrency holdings briefly surpass $10 million

Donald Trump’s cryptocurrency holdings briefly surpass $10 million

-


Former President Donald Trump’s Crypto Holdings Surpass $10 Million, Driven by TRUMP Token

Former United States President Donald Trump’s Crypto Holdings Surpass $10 Million

Former President Donald Trump’s foray into the world of cryptocurrency has proven to be a lucrative one, with his on-chain assets briefly surpassing $10 million on Monday. This milestone was primarily driven by his largest tokenholding, TRUMP, which saw a surge in value.

According to blockchain intelligence firm Arkham, Trump’s crypto portfolio reached the seven-figure mark on May 27, thanks to the MAGA memecoin, TRUMP, hitting an all-time high of $13.24. The former president holds 579,290 TRUMP tokens, valued at around $6.79 million.

Trump’s interest in cryptocurrency was evident when he expressed his support for the industry on May 25, stating, “I am very positive and open-minded to cryptocurrency companies, and all things related to this new and burgeoning industry.” His campaign even launched a fundraising page for crypto donations on May 21.

However, the value of TRUMP has since declined by 8.8%, causing Trump’s overall portfolio to retreat to $9.5 million as crypto markets experienced a downturn on May 28. Despite this setback, the memecoin has still surged by 53% in the past week following Trump’s endorsements.

In addition to TRUMP, Trump also holds a significant amount of Ether (ETH) and MVP tokens. His ETH holdings are worth around $1.79 million, while his million MVP tokens are valued at approximately $473,000. MVP is another memecoin that offers rewards and supports donations to the Trump election campaign.

While Trump’s crypto holdings have seen fluctuations in value, his venture into the world of digital assets has certainly caught the attention of the crypto community. With his continued support and endorsements, it will be interesting to see how his portfolio evolves in the future.

LATEST POSTS

Predicting the Value of Ether in 2030

VanEck Predicts Ether (ETH) to Reach $22,000 by 2030: What Justifies This Forecast? VanEck, a prominent investment company, has made a bold prediction regarding the...

Robinhood acquires Bitstamp in unexpected $200 million transaction

Robinhood Acquires Bitstamp in $200 Million Deal, Expanding Crypto Presence in Overseas Markets Robinhood Makes Major Move in Crypto Industry with Acquisition of Bitstamp In a...

Semler Scientific® Announces More Bitcoin Acquisitions

Semler Scientific, Inc. Announces Purchase of Additional Bitcoins for $17 Million Semler Scientific, Inc. Makes Major Investment in Bitcoin, Purchasing Additional 247 Bitcoins SANTA CLARA, Calif.,...

Ghana Implements Blockchain Technology to Combat Fraud

Ghana to Lead African Countries in Fighting Corruption with Blockchain Technology Ghana Makes History as First African Country to Combat Public Corruption with Blockchain Technology In...

Most Popular