Donald Trump’s Crypto Holdings Exceed $10 Million.
As of May 27, the cryptocurrency portfolio of former U.S. President and Republican frontrunner Donald Trump has surpassed $10 million in value. Trump’s investments in cryptocurrencies have proven fruitful, with his on-chain holdings crossing the $10 million mark. This surge in wealth is primarily attributed to the escalating value of the MAGA (TRUMP) meme coin.
Data from ArkhamIntel indicates that Trump’s holdings in $TRUMP alone are valued at $7.3 million, constituting a significant portion of his overall crypto portfolio. Additionally, Trump possesses over 463 Ethereum (ETH), currently valued at $1.8 million. Notably, Trump does not publicly hold any Bitcoin (BTC).
The price of the TRUMP coin, a political meme token based on Solana, has surged by over 60% in the last seven days, reaching a current price of $12.40.
Trump’s Foray into the Crypto Sphere
Throughout his recent campaign trail, Trump has openly expressed a pro-crypto sentiment. His stance on cryptocurrency has evolved over time. In 2019, he voiced skepticism about Bitcoin, labeling it as “highly volatile.”
However, during the current election cycle, Trump has shifted his tone, indicating a willingness to embrace crypto in his potential next presidential term. In a recent rally, he mentioned concerns about crypto moving out of the U.S. due to perceived hostility and emphasized the need to welcome crypto businesses. “If we are going to embrace it, we will have to let them be here,” he stated.
The Trump campaign launched a fundraising page on May 21 that now accepts donations in various cryptocurrencies available on the Coinbase platform.
In a recent development on May 26, Trump declared his plan to support the appeal of Ross Ulbricht’s conviction. Ulbricht, the founder of the notorious online marketplace Silk Road, saw his platform shut down in 2013.
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