Donald Trump’s Crypto Wallet Holds $10 Million in Assets
A cryptocurrency wallet linked to former President Donald Trump, a leading Republican presidential candidate, reportedly holds assets worth approximately $10 million.
According to blockchain data tracked by Arkham Intelligence , the wallet contains sizeable amounts of MAGA tokens, Ethereum (ETH), and MAGA VP tokens.
BREAKING: Donald Trump now holds $10M in crypto
Donald Trump’s on-chain holdings surpassed $10 Million this morning, mainly fuelled by the rise in price of the $TRUMP coin – of which Trump currently holds $7.3M. pic.twitter.com/rkQi6SLvvG
— Arkham (@ArkhamIntel) May 27, 2024
The wallet linked to Donald Trump primarily contains TRUMP tokens valued at $7.12 million, initially purchased using wrapped ether (WETH) on Uniswap. Additionally, it holds 463.441 ETH, worth around $1.84 million, and 1 million MAGA VP tokens, estimated to be worth $509,000.
Earlier today, the wallet’s total value exceeded $10 million, but due to fluctuations in token prices, it currently stands at $9.95 million.
Arkham Intelligence noted that much of the wallet’s value is derive d from appreciating assets , especially MAGA tokens. MAGA is trading at $12.03, reflecting a 3.16% increase in the past 24 hours.
Trump’s involvement in cryptocurrency has been notable. His holdings place him among the top celebrities in terms of crypto assets, surpassing figures like Justin Bieber, Kevin Hart, and Jimmy Fallon .
The connection between the wallet and Trump was established through information in his financial statements filed in August 2023.
At the time of the initial connection, Trump’s wallet held nearly $5 million in ETH and had earned approximately $4.9 million from the Trump Digital Trading Card NFT collection . His crypto presence
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