- Trump’s crypto portfolio briefly surpassed $10 million, driven by the TRUMP memecoin.
- The TRUMP memecoin surged 53% last week, then declined 8.8%, affecting the portfolio.
- Trump holds significant assets, including 464.2 ETH and a million MVP tokens.
Former U.S. President Donald Trump’s on-chain crypto asset holdings briefly exceeded $10 million on Monday, largely due to his significant investment in the TRUMP token.
On May 27, blockchain intelligence firm Arkham reported that presidential candidate Donald Trump’s crypto asset portfolio surpassed the $10 million mark.
This milestone was achieved thanks to the TRUMP memecoin, which hit an all-time high of $13.24 on May 27.
According to Arkham, Trump owns 579,290 TRUMP tokens, currently valued at approximately $6.79 million.
The memecoin has surged 53% over the past week following Donald Trump’s endorsements of cryptocurrency.
“I am very positive and open-minded to cryptocurrency companies, and all things related to this new and burgeoning industry.”
Donald Trump
On May 21, the Trump 2024 campaign launched a fundraising page to accept crypto donations.
However, TRUMP prices have declined 8.8% since their peak, falling to $12.04 at the time of writing, according to CoinGecko.
As a result, the entire portfolio has retreated to $9.5 million, reflecting the broader decline in crypto markets during early trading on May 28.
MAGA was launched in August with the aim of donating to U.S. veterans and protecting children. Although it bears the former president’s name, it is not officially affiliated with or endorsed by Donald Trump.
According to the official website, since its launch, 234.75 ETH has been donated to United States veterans and 204.5 ETH to child trafficking prevention.
Donald Trump also holds a significant amount of Ether (ETH), with 464.2 ETH valued at approximately $1.79 million at the time of writing.
Additionally, he owns a million MVP tokens worth around $473,000. MVP is another memecoin that offers rewards and supports donations to the Trump election campaign. It reached an all-time high of $0.709 on May 17 but has since declined by 33% to trade at $0.477 at the time of writing.
