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Home » MAGA Memecoin Soars, Trump’s Cryptocurrency Holdings Surpass Millions of Dollars
Investment Finance

MAGA Memecoin Soars, Trump’s Cryptocurrency Holdings Surpass Millions of Dollars

May. 28, 2024No Comments2 Mins Read
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MAGA Memecoin Soars, Trump's Cryptocurrency Holdings Surpass Millions of Dollars
MAGA Memecoin Soars, Trump's Cryptocurrency Holdings Surpass Millions of Dollars
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The online analysis institution, Arkham, recently released a list of celebrity cryptocurrency holders, marking the accounts of X celebrities who have over one million followers and analyzing the cryptocurrencies they hold. At the time, former US President Donald Trump held the top spot with $6.4 million worth of cryptocurrency. Now, with the significant rise of Trump-themed meme coin, MAGA (code: TRUMP), his asset value has surpassed $10 million.

Former US President Donald Trump has 87.2 million fans on X. According to Arkham Intelligence data, his cryptocurrency net assets briefly exceeded $10 million yesterday, primarily due to the significant increase in value of his Trump-themed meme coin, MAGA (code: TRUMP). According to CoinMarketCap, TRUMP experienced a continuous rise from $4 per coin in May, and its current price has reached $11.24.

Moreover, according to his transaction records, most of the funds are labeled as “NFT Affiliated Earning,” speculated to be related income from his NFT releases. These earnings are mostly stored as ETH. Trump’s cryptocurrency wallet currently holds 464 Ethereum coins (compared to 429 coins on May 14), worth approximately $1.81 million. As reported earlier, Trump had sold most of his ETH holdings at the end of last year, earning a profit of up to $2.4 million. Most of these ETH profits came from royalties of the three NFT series previously launched by Trump, indicating that he has made a substantial amount of money through NFT releases.

Other meme coins related to Trump include MVP, CONAN, BABYTRUMP, and STRUMP.

MAGA
Donald Trump

Read More:
Trump Claims the US Must Become a Leader in the Cryptocurrency Field, Promises Clemency for Silk Road Founder
Trump Accepts Cryptocurrency Donations, MAGA Crypto Army to Drive Campaign Success

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