As of May 27, former President Donald Trump's cryptocurrency portfolio exceeded $10 million.
Former U.S. President and Republican front-runner Donald Trump's crypto investments are paying off: His on-chain crypto holdings have surpassed $10 million, with the surge being mainly driven by the rise in value of the MAGA (TRUMP) meme coin.
According to data from ArkhamIntel, Trump's $TRUMP holdings alone are valued at $7.3 million, making up the majority of his cryptocurrency investments. Trump also holds over 463 Ethereum (ETH), currently worth $1.8 million. Trump does not publicly own any Bitcoin (BTC).
The price of TRUMP Coin, a political meme coin based on Solana, has increased by over 60% in the past seven days and is currently at $12.40.
Trump and Cryptocurrency
President Trump has not been shy about expressing his pro-crypto sentiments during the recent election campaign. Historically, he has had a mixed stance on cryptocurrencies, expressing skepticism about Bitcoin in 2019 and calling it “highly unstable.”
However, during the election campaign, Trump said he would welcome cryptocurrencies in his next term as president. “Cryptocurrencies are leaving the United States because of hostility, and I don't want that to happen. If we're going to welcome cryptocurrencies, we need to keep them in the United States,” Trump said at a recent rally.
On May 21, the Trump campaign introduced a donation page accepting donations in any cryptocurrency available on the Coinbase platform.
Most recently, on May 26, President Trump announced his intention to support the appeal of the conviction of Ross Ulbricht, the founder of the infamous online marketplace Silk Road, which was dismantled in 2013.
