Donald Trump’s cryptocurrency holdings have temporarily exceeded $10 million, thanks to a surge in the value of the MEGA (TRUMP) meme coin.
Launched in August 2023, this coin has seen significant price increases, especially following Trump’s pro-crypto statements.
Arkham Intelligence reports that while TRUMP coins form a large part of his holdings, they were mostly sent without his consent for promotional purposes. Learn more about Trump’s diverse crypto assets and the impact of meme coin trends.
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Trump’s Cryptocurrency Holdings Surpass $10 Million
It has been revealed that the total value of cryptocurrencies held by Donald Trump, the U.S. presidential candidate, temporarily exceeded the $10 million mark.
This surge is attributed to the rising price of MEGA (TRUMP), a meme coin themed around Trump. The blockchain analysis firm Arkham Intelligence reported this on May 27, 2024.
What is MEGA (TRUMP)?
MEGA (TRUMP) is a meme coin launched on August 11, 2023, centered around Donald Trump. The official website notes that the coin supports charitable activities, including donations for veterans and efforts to prevent child trafficking.
This meme coin is traded across multiple blockchains, including Ethereum, Solana, BSC, and Base, and is listed on several cryptocurrency exchanges such as Uniswap and MEXC.
Initially, TRUMP was priced around $0.013 at launch. By March this year, its price had soared to approximately $9.57. Following pro-cryptocurrency statements by Donald Trump on May 27, the price further increased to around $12.76.
Details on Trump’s Cryptocurrency Holdings
Arkham Intelligence’s report on Donald Trump’s assets includes the TRUMP coin. Despite its name, TRUMP is a meme coin unrelated to and not endorsed by Donald Trump.
Due to the nature of cryptocurrency transactions, where tokens can be sent to any wallet address without consent, much of the TRUMP coin in Trump’s wallet is believed to have been sent for promotional purposes without his endorsement.
TRUMP constitutes a significant portion of Trump’s cryptocurrency holdings, with 579,290 TRUMP valued at $6.96 million at the time of writing. The next largest holding is Ethereum (ETH), along with various other cryptocurrencies such as MVP, CONAN, BABYTRUMP, USDC, and PEPECOIN.
For a detailed overview of the cryptocurrencies held in Donald Trump’s wallet and transaction history, visit the Arkham Intelligence website.
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