The Rise and Fall of Trump’s Cryptocurrency Portfolio
The cryptocurrency wallet linked to former US President and Republican presidential candidate Donald Trump has reached an impressive amount of $10 million. According to the blockchain tracker Arkham Intelligence, Trump’s portfolio includes significant assets, such as 579,300 MAGA tokens (ticker TRUMP) worth around $7.12 million, 463,441 ether (ETH) valued at $1.84 million, and 1 million MAGA VP tokens (MVP) worth $509,000.
Recently, the value of Trump’s cryptocurrency assets has surpassed $10 million thanks to a sharp increase in the price of the MAGA token, which has risen by more than 57% in the past seven days. However, after this, the token price corrected, decreasing by almost 8% in a day, affecting the overall value of Trump’s crypto portfolio. Currently, his assets are valued at $9.5 million.
Despite the recent price drop, Trump’s crypto portfolio remains more valuable than the assets of well-known American figures such as singer Justin Bieber, comedian Jimmy Fallon, and actor Kevin Hart.
It is important to note that the MAGA token was launched in August with the aim of raising donations for US veterans and protecting children. Although the token bears the name of the former president, it is not officially associated with Donald Trump and is not endorsed by him.
This case highlights the increasing interest in cryptocurrencies and assets related to public figures, as well as demonstrating how market volatility can significantly impact the value of digital assets.
