As of May 27, former President Donald Trump's cryptocurrency portfolio has exceeded $10 million.
The cryptocurrency investments of former US President and Republican candidate Donald Trump are beginning to pay off. His on-chain cryptocurrency holdings have crossed the $10 million mark. This rise was primarily driven by the rise in the value of the MAGA (TRUMP) meme coin.
according to Data From ArkhamIntel, Trump's holdings in TRUMP alone are worth $7.3 million, making up the majority of his investments in cryptocurrencies. Trump also owns over 463 Ethereum (ETH), currently worth $1.8 million. Trump does not publicly own any Bitcoin (BTC).
The price of Trump Coin, a political meme coin based on Solana, has risen more than 60% in the past seven days and currently stands at $12.40.
Trump and crypto
Trump was not shy about expressing his pro-crypto sentiments during his recent election campaign. Historically, Trump has had a mixed stance on cryptocurrencies. In 2019, he expressed doubts about Bitcoin, calling it “highly volatile.”
However, during this election cycle, Trump said he would embrace cryptocurrencies in his next presidential term. “Cryptocurrencies are moving out of the US because of hostility towards them. I don’t want that. If we want to accept them, we have to let them here.” He said On a final walk.
On May 21, the Trump campaign It has provided a fundraising page that accepts donations in any cryptocurrency available on the Coinbase platform.
Most recently, on May 26, Trump announced his intention to support the appeal of Ross Ulbricht's conviction. Ulbricht founded the notorious online marketplace, Silk Road, which was dismantled in 2013.
