Donald Trump’s Cryptocurrency Holdings Surpass $10 Million Amid Presidential Election Build-Up

Jimmy Aki
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Former U.S. President Donald Trump has seen significant returns on his crypto investments. His on-chain cryptocurrency holdings recently surpassed the $10 million mark on May 27, a milestone primarily driven by the increased value of the MAGA (TRUMP) meme coin.

Donald Trump Holds no BTC Despite its Prominence

According to data from Arkham Intelligence, Donald Trump’s investment in the TRUMP coin, which operates on the Solana blockchain, now stands at $7.3 million.

This politically themed meme coin seems part of Trump’s strategy to engage with and promote himself within the cryptocurrency community. The asset’s price recently rose by $1.40, significantly boosting his portfolio past the $10 million mark.

Donald Trump
Donald Trump’s crypto valuation exceeds $10M

Trump’s cryptocurrency portfolio is diverse and includes several notable assets. He owns 463.35 ETH, valued at approximately $1.81 million, and 1 million MVP tokens worth $480,590. Additionally, he holds 20 billion CONAN tokens, valued at $312,800, and two entries for BABYTRUMP: 950,000 coins worth $149,840 and 900,190 coins valued at $7,590.

Notably, Trump has not invested in Bitcoin (BTC), the largest cryptocurrency by market cap, despite its prominence in the digital asset space.

Donald Trump
Donald Trump’s crypto portfolio currently stands at $9.65M

However, the TRUMP coin’s value has declined by 8.8%, reducing its valuation to $6.96 million. This drop has caused Trump’s entire portfolio to retreat to $9.65 million as the crypto markets declined during early trading on May 28.

Donald Trump Pro-Crypto Stance Garners Traction

Trump’s engagement with cryptocurrency extends beyond personal investments. Recently, Donald Trump urged the U.S. to strive for crypto industry supremacy as he made several pro-crypto statements.

He expressed his openness to cryptocurrency companies and the burgeoning industry, stating, “our country must be the leader in the field.”

This is coming after the erstwhile U.S. president has made a U-turn on his stance about cryptocurrency. Also, recall that on May 21, the Donald Trump Campaign announced plans to accept cryptocurrency donations to fund his bid for a return to the White House. This move is portrayed as a stand against “socialist government control” over U.S. financial markets, advocating for financial independence and innovation.

In contrast, the Trump campaign portrays President Biden as aligned with Senator Elizabeth Warren, a vocal critic of cryptocurrencies. Warren has consistently highlighted the risks associated with the crypto industry and advocated for stricter regulations.

The campaign referenced Warren’s March 2023 re-election ad on X, where she claimed to be building an “anti-crypto army” to limit Americans’ financial choices.

Trump is appealing to the pro-crypto community and building a “crypto army” by positioning himself as a champion of financial freedom and innovation. His campaign has started accepting crypto donations in various digital assets, including Bitcoin, signaling a strong commitment to this emerging financial landscape.

About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.