Trump’s Crypto Wallet Hits $10 Million in Value 🚀
A crypto wallet linked to Donald Trump has reached a valuation of $10 million, according to Arkham Intelligence. Here’s a breakdown of the wallet’s contents and how it achieved this milestone:
MAGA Tokens (TRUMP): The wallet holds 579,300 MAGA tokens, valued at $7.12 million. These tokens were initially purchased with wrapped ether on Uniswap.
Ethereum (ETH): The wallet contains 463.441 ETH, worth approximately $1.84 million.MAGA VP Tokens (MVP): There are 1 million
MAGA VP tokens in the wallet, valued at around $509,000.
Key Highlights
Wallet Performance: Earlier today, the wallet’s value surpassed $10 million, currently standing at $9.95 million. The rise in MAGA token price has significantly contributed to this increase.
Price Movements: The MAGA token is trading at $12.43, up 8.3% in the past day. Meanwhile, MVP tokens have dropped 12.7% to $0.48 each.
Celebrity Crypto Holdings: Trump’s wallet makes him one of the top celebrities in cryptocurrency holdings, surpassing names like Justin Bieber, Kevin Hart, and Jimmy Fallon.
Trump’s Crypto Journey
Initial Holdings: As of August 2023, Trump’s wallet held nearly $5 million in ETH and had earned $4.9 million from his Trump Digital Trading Card NFT collection, solidifying his status as a "crypto whale."
Recent Transactions: In December 2023, the wallet sold $2.4 million worth of ETH.
Political Stance on Crypto
At the 2024 Libertarian National Convention, Trump expressed support for self-custody rights and a ban on central bank digital currencies. Despite previous criticism of cryptocurrencies, he now feels "positive and open-minded" about the industry, acknowledging its growing political significance.
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