Donald Trump-themed memecoins are in flight: Portfolio is rising!

Former United States President Donald Trump's crypto asset value has surpassed $10 million, especially with his rise to TRUMP.

On May 27, blockchain firm Arkham reported that presidential candidate Donald Trump's crypto asset portfolio exceeded $10 million. The sharp rise in the portfolio came with the rise of #magadrop and #TRUMP , which rose to an all-time high on May 27. According to Arkham, Donald Trump owns 579,290 TRUMP tokens, worth approximately $6.79 million.

Memecoin TRUMP rose 53 percent last week following Donald Trump's crypto endorsements. “I am very positive and open-minded towards cryptocurrency companies and everything related to this new and growing industry,” the former US President said on May 25. On May 21, the Trump 2024 campaign launched a fundraising page for people to donate with crypto.

According to CoinGecko, the TRUMP price has fallen 8.8 percent since its peak of $12.04 as of press time. This development caused the portfolio to decline to $9.5 million due to the market decline during early trading on May 28.

MAGA was launched in August to donate to U.S. veterans and protect children. Although it bears the former president's name, it is not officially affiliated with or supported by Donald Trump. According to the official website, since MAGA's launch, 234.75 #ETH has been donated to United States veterans and 204.5 ETH to child trafficking prevention.

Additionally, #DonaldTrump also owns MVP tokens worth approximately $473,000. MVP is another memecoin that offers rewards and supports donations to the Trump election campaign. #MVP reached an all-time high of $0.709 on May 17, but has since fallen 33 percent to $0.477.
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