Trump’s Crypto Portfolio Surges with $10M in Unique Memecoins
Donald Trump, the former President of the United States and current Republican presidential candidate, now boasts a cryptocurrency portfolio valued at $10 million. What makes his portfolio stand out is the fact that it consists largely of unique memecoins that were airdropped to him by the developers of these projects. Trump’s portfolio includes tokens such as $TRUMP, $ETH, $WETH, $MVP, $CONAN, $BABYTRUMP, and $MAGA. While $ETH and $WETH are not memecoins, the rest fall under this category.
🚨🚨BREAKING: Donald Trump now holds 8 figures in memecoins.
N.B.
These holdings have been airdropped to him by developers of various memecoin projects – he did not buy them himself. pic.twitter.com/eQDhSbkIGz— Arkham (@ArkhamIntel) June 1, 2024
Trump’s Crypto Portfolio Receives a Boost from TRUMP Token
It was on May 29th that Trump’s on-chain cryptocurrency holdings skyrocketed to over $10 million, largely due to the surge in value of the TRUMP token, which reached $15.44. This increase in value was attributed to Trump’s recent endorsement of cryptocurrencies and his positive attitude towards the industry. The Trump 2024 campaign even established a crypto donation page on May 21st to capitalize on this growing interest.
At present, Trump holds 579,290 TRUMP tokens, equivalent to roughly $8.56 million. However, the value of TRUMP has slightly decreased over time, currently priced at $14.7.
Trump’s Portfolio Includes $1.79M in ETH and $473K in MVP
Aside from his substantial TRUMP investments, Trump also possesses a significant amount of Ethereum. He currently holds 464.2 ETH, valued at approximately $1.79 million. Additionally, Trump owns one million MVP tokens, another memecoin designed to provide rewards and support Donald Trump’s campaign. Although MVP reached its peak at $0.709 on May 17th, it has experienced a 33% decline and is currently trading at $0.477, placing the total value of Trump’s MVP holdings at around $473,000.
This demonstrates the immense potential of memecoins and the influence that personalities like Donald Trump can have on their market value. However, it also emphasizes the inherent market fluctuations and associated risks that can impact the value of tokens like TRUMP and MVP.