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According to data from blockchain analytics platform Arkham Intelligence, the former US president has over $7 million in crypto investments. More than 65% of its portfolio is in the memecoin project token MAGA (TRUMP). The token value soared earlier this month following the news that Trump was ahead of Joe Biden in the upcoming election. Besides MAGA, Trump's portfolio also includes assets such as Ethereum, USDC, and #Pepe.

Interestingly, many of Trump's crypto assets may have been gifted by individuals in the industry. #Trump, who was staunchly opposed to Bitcoin during his presidency, recently took a more moderate stance, accepting crypto donations for his presidential campaign and thus appealing to the crypto community.

Many of these names have also entered the NFT market. Notably, Justin Bieber purchased a #NFT from the BAYC collection in January 2022 for 500 Ethereum (worth $1.3 million at the time), but it is now worth around $45,000, a steep drop by 96%.
Famous names are increasing the acceptance rate by investing in cryptocurrencies.br – Celebrity participation can affect crypto market trends and token values.br – NFT investments carry high risks, serious losses in value may occur.
These high-profile individuals investing in crypto assets highlight the growing acceptance of the digital currency market and highlight both opportunities and risks for potential investors.

The entry of celebrities into the cryptocurrency market demonstrates the acceptance and potential of digital assets. Their investments can significantly influence market trends, but it is essential that individual investors conduct thorough research and understand the inherent risks. As the crypto landscape continues to evolve, it is essential to stay informed and alert about this dynamic market.
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