Donald Trump Crypto Portfolio Hit $10 Million Amid MAGA Meme Coin Rally

Updated: 28 May 2024

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The crypto portfolio of former US President Donald Trump peaked at $10 million briefly on May 27 driven by the rally of the MAGA (TRUMP) meme coin.

Data from Arkham Intelligence shows that Trump’s crypto portfolio is now worth around $9.64 million. The TRUMP meme coin is the largest holding with around 579,000 TRUMP tokens worth $6.95 million.

The Republican Presidential contender also holds Ether worth $1.8 million, and $12,000 in USD Coin (USDC). Other tokens in his portfolio include $469,000 worth of MVP tokens, $246,000 worth of CONAN and $144,000 worth of BABYTRUMP.

TRUMP’s crypto portfolio has grown steadily in value over the past month from below $6 million in early May.

(Source: Arkham)

The growth coincides with a 113% price growth for the TRUMP meme coin.

Donald Trump’s Presidential Warms Up To Crypto

Trump’s popularity in the crypto industry has grown in recent months following a series of pro-crypto remarks on his campaign trail.

On May 21, his campaign said it would make it possible for supporters to donate in Bitcoin and other cryptocurrencies.

Trump has also accused the Biden administration of stifling crypto businesses and even publicly criticized anti-crypto legislators such as Elizabeth Warren.

His efforts to woe crypto voters are increasing his prospects of winning. Data from Polymarket shows Trump has recently increased his chances of beating Joe Biden to become president with the latest odds giving him a 56% chance of winning, compared to Biden’s 36%.