Donald Trump’s Crypto Wealth Soars to $10 Million After Meme Explosion
In a surprising turn of events, American presidential candidate Donald Trump has achieved a significant milestone with his crypto holdings. The Republican now owns a total of $10 million worth of cryptocurrencies. While this may sound far-fetched, blockchain data cannot be doubted.
Trump’s crypto portfolio has experienced a tremendous surge in value recently, thanks to a meme coin associated with him that has skyrocketed to a new all-time high.
$10 Million in Crypto, Thanks to ‘TRUMP’ Meme Coin
Trump is no stranger to the world of crypto and has amassed an impressive portfolio. Last August, blockchain analytics company Arkham Intelligence identified the former president’s wallet, making his crypto wealth completely transparent. Over the years, Trump has launched various non-fungible token (NFT) collections, accumulating a substantial stack of ethereum (ETH).
Additionally, Trump holds numerous memecoins, all somehow related to him, although he did not acquire them himself. These coins were simply sent to him as part of a marketing strategy. MAGA (TRUMP) is one of the memecoins he received, quickly becoming a cornerstone of his portfolio. The coin’s value has surged following Trump’s successes in the American primaries, pushing the worth of Trump’s holdings into the millions of dollars.
In the past month, the value of TRUMP has skyrocketed, increasing by hundreds of percentage points to a new all-time high. This surge has propelled Trump’s crypto portfolio to over $10 million, as reported by Arkham Intelligence on the social media platform X.
The accompanying image shows that Trump holds nearly 600,000 TRUMP tokens valued at an astronomical $7.34 million. Additionally, he owns 463.35 ETH worth $1.81 million.
Trump’s Pro-Crypto Stance
Trump has significantly contributed to the massive price increase of the meme coin in recent weeks. He has made numerous positive comments about bitcoin (BTC) and crypto in general. He has even pledged to further the industry if crowned the new president. Starting last week, Trump began accepting crypto for his presidential campaign donations.
While the crypto community has welcomed his pro-crypto stance, there are skeptics questioning his promises.
In conclusion, Donald Trump’s crypto wealth has surged to $10 million after a meme coin explosion, highlighting his active involvement in the crypto world and positive stance towards cryptocurrencies.
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Ivo has been delving into the world of cryptocurrencies and blockchain technology since early 2021. The more he learned, the more potential he saw in blockchain technology. He is currently in the final year of his bachelor’s degree in ‘Economic Psychology’ at Tilburg University and plans to pursue a master’s degree in this fascinating field next year.