Presidential candidate Donald Trump’s crypto holdings passed the $10 million mark early this week, data from blockchain “de-anonymizing” platform Arkham.
The former president’s gains were largely driven by the price appreciation of MAGA (TRUMP), a memecoin inspired by Trump himself.
At time of publishing, Trump holds $7.1 million worth of TRUMP, $1.83 million worth of Ethereum (ETH) and a series of other smaller altcoins, many of which were likely sent to his public wallet address as a form of marketing or publicity.
Arkham’s data shows Trump’s portfolio is currently in a parabolic upward move.
TRUMP, launched late last year on Ethereum, has already increased about 17,200% since inception and is up 129% in the last 30 days. It currently has a market cap of well over half a billion dollars.
Trump’s portfolio growth comes following his announcement that he is aiming to enact explicitly pro-crypto policies as part of his presidential platform.
Speaking to his supporters in Washington D.C., the 2024 Republican candidate says that he’s going to “crush” the Biden Administration’s anti-crypto stance.
“I will also stop Joe Biden’s crusade to crush crypto, we’re going to stop it. I will ensure that the future of crypto and the future of Bitcoin will be made in the USA, not driven overseas.
I will support the right to self-custody to the nation’s 50 million crypto holders. I say this with your vote. I will keep Elizabeth Warren and her goons away from your Bitcoin, and I will never allow the creation of a central bank digital currency.”
He has also announced that his campaign is accepting crypto donations in the forms of popular virtual currencies such as BTC, Ethereum (ETH), Dogecoin (DOGE), XRP, Solana (SOL) and Shiba Inu (SHIB).
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