{"id":526651,"date":"2024-05-28T15:18:04","date_gmt":"2024-05-28T15:18:04","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=526651"},"modified":"2024-05-28T15:18:04","modified_gmt":"2024-05-28T15:18:04","slug":"donald-trump-crypto-portfolio-hit-10-million-amid-maga-meme-coin-rally","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/donald-trump-crypto-portfolio-hit-10-million-amid-maga-meme-coin-rally","title":{"rendered":"Donald Trump Crypto Portfolio Hit $10 Million Amid MAGA Meme Coin Rally"},"content":{"rendered":"

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.<\/p>\n

Data from Arkham Intelligence<\/a> 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.<\/p>\n

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.<\/p>\n

TRUMP’s crypto portfolio has grown steadily in value over the past month from below $6 million in early May.<\/p>\n

\"ARKM\"<\/a><\/p>\n

(Source: Arkham<\/em><\/a>)<\/p>\n

The growth coincides with a 113% price growth for the TRUMP meme coin.<\/p>\n

Donald Trump’s Presidential Warms Up To Crypto<\/h2>\n

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

On May 21, his campaign said it would make it possible for supporters to donate in Bitcoin<\/a> and other cryptocurrencies.<\/p>\n

Trump has also accused the Biden administration of stifling crypto businesses and even publicly criticized anti-crypto legislators such as Elizabeth Warren.<\/p>\n

His efforts to woe crypto voters are increasing his prospects of winning. Data from Polymarket<\/a> 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%.<\/p>\n

Also Read:<\/h3>\n