Former President Donald Trump, a major Republican presidential contender, allegedly has $10 million in cryptocurrencies.
Arkham Intelligence's blockchain data shows that the wallet has a lot of MAGA, Ethereum, and MAGA VP tokens.
Donald Trump's wallet holds $7.12 million in TRUMP tokens acquired using wrapped ether (WETH) on Uniswap. It also has 463.441 ETH worth $1.84 million and 1 million MAGA VP coins worth $509,000.
Donald Trump Wallet From Arkham Intelligence Token price variations have reduced the wallet's worth to $9.95 million from $10 million earlier today.
Arkham Intelligence observed that wallet value comes from appreciating assets, notably MAGA tokens. MAGA rose 3.16% to $12.03 in 24 hours.
Trump's cryptocurrency engagement is remarkable. He has more crypto assets than Justin Bieber, Kevin Hart, and Jimmy Fallon.
The wallet was linked to Trump via his August 2023 financial records.
Trump's wallet contained roughly $5 million in ETH and made $4.9 million from the Trump Digital Trading Card NFT collection when they first connected. He was a “crypto whale.” December 2023 saw the wallet sell $2.4 million in ETH.
Trump’s Crypto-Friendly Support In a Libertarian National Convention address, Donald Trump showed his openness to cryptocurrency. He criticized President Joe Biden's anti-crypto attitude and promised to promote crypto under his leadership.
Trump's backing comes as the Biden administration softens its stance on cryptocurrencies, as the SEC approved eight Ethereum ETF applications.
The business is likely to play a key role in the 2018 elections, even though few Americans use or store cryptocurrencies. Crypto companies are expected to spend over $80 million in the 2024 elections.
