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Trump’s Crypto Portfolio Soars with $10M in Memecoins

Donald Trump, the ex-president of the United States and the current Republican presidential candidate has at least $10 million in memecoins that were airdropped to him by these projects’ developers. Here is a list of tokens that belong to the portfolio of Trump: $TRUMP, $ETH, $WETH, $MVP, $CONAN, $BABYTRUMP, and $MAGA. Except $ETH and $WETH, all others are memecoins.

🚨🚨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 Token Spike Boosts Trump’s Crypto Portfolio

On 29 May, Trump’s on-chain cryptocurrency holdings crossed $10 million figure primarily due to the TRUMP token soaring to $15.44, According to blockchain intelligence firm Arkham. This increase in value was largely owing to Trump’s recent endorsement of cryptocurrencies. On May 25, he presented a great attitude towards cryptocurrency companies as well as the industry in general. In accordance with Trump’s endorsement, the Trump 2024 campaign created a crypto donation page on May 21st.

Trump possesses 579,290 TRUMP tokens at the current moment, which is equivalent to approximately $8.56 million. However, the value of TRUMP has reduced over the period as it is priced at $14.7 at the current time.

Trump’s Portfolio Includes $1.79M in ETH and $473K in MVP

Besides his significant TRUMP investments, Trump also owns a sizeable quantity of Ethereum. He holds 464.2 ETH, which in equivalent to approximately $1.79 million. In addition, Trump owns a million MVP tokens, yet another memecoin that aims to provide rewards and fund Donald Trump’s campaign. Although it has risen to an utmost highest level of $0.709 on May 17, MVP has experienced a 33% decline and is currently trading at $0.477 which put the total value of Trump’s MVP holding at about $473,000.

This has demonstrated the massive potential of memecoins and how the backing of personalities such as Donald Trump can shape them. But it also reveals the possible fluctuations of the market and the associated risks, TRUMP and MVP tokens values can illustrate clearly.

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