Donald Trump’s cryptocurrency holdings briefly exceed $10 million.

Former President of the United States, Donald Trump, briefly saw his on-chain cryptocurrency holdings reach a value of over $10 million on Monday, largely driven by his largest token investment in TRUMP.
On May 27, blockchain intelligence firm Arkham reported that Donald Trump’s crypto portfolio had surpassed $10 million. This surge in value was mainly due to the rise of the MAGA memecoin, TRUMP, which reached an all-time high of $13.24 on May 27.
According to Arkham, Donald Trump currently holds 579,290 TRUMP tokens, which are valued at approximately $6.79 million.


Source: Arkham
The value of TRUMP has increased by 53% in the past week following Donald Trump’s endorsements of cryptocurrencies.
“I am very optimistic and open-minded towards cryptocurrency companies and anything related to this new and growing industry,” he stated on May 25.
On May 21, the Trump 2024 campaign launched a fundraising page that accepts crypto donations.
However, TRUMP prices have since declined by 8.8%, falling to $12.04 at the time of writing, according to CoinGecko. As a result, the entire portfolio has decreased in value to $9.5 million, as the crypto markets experienced a decline during early trading on May 28.
MAGA was introduced in August with the goal of donating to U.S. veterans and combating child trafficking. Although it bears the former president’s name, it is not officially affiliated with or endorsed by Donald Trump.
According to the official website, 234.75 ETH has been donated to support United States veterans, and 204.5 ETH has been donated for child trafficking prevention since the launch of MAGA.
Additionally, Donald Trump holds a significant amount of Ether (ETH), with 464.2 ETH valued at around $1.79 million at the time of writing.
He also possesses one million MVP tokens, valued at approximately $473,000. MVP is another memecoin that offers rewards and supports donations to the Trump election campaign. It reached an all-time high of $0.709 on May 17 but has since dropped by 33% to trade at $0.477 at the time of writing.
Magazine:
Bots and airdrops have propelled Ronin to become the second most popular blockchain for daily users, gaining popularity among Not Pixels fans.