Former United States President Donald Trump’s on-chain crypto asset holdings briefly surpassed $10 million on Monday, primarily pushed by his largest tokenholding, TRUMP.
On Might 27, blockchain intelligence agency Arkham reported that presidential candidate Donald Trump’s crypto asset portfolio topped $10 million.
The surge to a seven-figure portfolio was catalyzed by the MAGA memecoin, TRUMP, which surged to an all-time excessive of $13.24 on Might 27.
In response to Arkham, Donald Trump holds 579,290 TRUMP tokens, foreign money price round $6.79 million.
The memecoin has surged 53% over the previous week following Donald Trump’s crypto endorsements.
“I’m very constructive and open-minded to cryptocurrency firms, and all issues associated to this new and burgeoning trade,” he stated on Might 25.
On Might 21, the Trump 2024 marketing campaign launched a fundraising web page for individuals to donate in crypto.
Nonetheless, TRUMP costs have declined 8.8% since that peak in a fall to $12.04 on the time of writing, in line with CoinGecko.
This has brought about your entire portfolio to retreat to $9.5 million as crypto markets declined throughout early buying and selling on Might 28.
MAGA was launched in August to donate to U.S. veterans and shield kids. Whereas it bears the previous president’s identify, it’s not formally affiliated with or endorsed by Donald Trump.
According to the official web site 234.75 ETH has been donated to United States veterans and 204.5 ETH to youngster trafficking prevention since MAGA launched.
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Donald Trump additionally has an enormous Ether (ETH) bag with 464.2 ETH price round $1.79 million on the time of writing.
He additionally holds 1,000,000 MVP tokens price round $473,000. MVP is one other memecoin providing rewards and supporting donations to the Trump election marketing campaign. It hit an all-time excessive of $0.709 on Might 17 however has fallen again 33% since then to commerce at $0.477 on the time of writing.
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