Donald Trump’s Crypto Holding Now Exceeds $10 Million

Key Points:

• Former President Donald Trump’s crypto wallet holds approximately $10 million, primarily in the $TRUMP coin and Ethereum, but no Bitcoin.
• The value of Donald Trump’s crypto holdings has surged, with the TRUMP coin rising 10% in the last 24 hours.

Former President and leading Republican presidential candidate Donald Trump’s crypto wallet currently holds around $10 million in assets.

Donald Trump’s Crypto Holding Soars to $10 Million

Data from Arkham reveals that the majority of Donald Trump’s crypto holdings are concentrated in the $TRUMP coin, with holdings valued at $7.3 million. Additionally, Trump possesses over 463 Ethereum (ETH), valued at approximately $1.8 million. Notably, Trump does not hold any Bitcoin (BTC).

Donald Trump’s crypto holdings have surged past the $10 million mark, primarily due to a significant increase in the value of the MAGA (TRUMP) meme coin, which is based on Solana. The TRUMP coin has seen a 10% rise in the last 24 hours, with its price currently at $12.

Trump Pledges Pro-Crypto Policies and Support for Ross Ulbricht

Historically, Trump has had a mixed stance on cryptocurrency, expressing skepticism about Bitcoin in 2019 due to its volatility. However, he has recently adopted a more favorable view of crypto. On his current campaign trail, Trump has emphasized the importance of embracing cryptocurrency, criticizing the current hostility towards it in the U.S.

“Crypto is moving out of the U.S. because of hostility toward it. I don’t want that. If we are going to embrace it, we will have to let them be here,” he stated at a recent rally.

In a related development, Trump attended the Libertarian National Convention, where he faced a hostile crowd. Despite the booing, he later praised the enthusiasm of the attendees on his social media platform, Truth Social. Trump promised to commute the sentence of Silk Road founder Ross Ulbricht if elected. Ulbricht, who used Bitcoin to facilitate illegal transactions on the darknet marketplace Silk Road, was sentenced to two life sentences without parole in 2015.