Presidential hopeful Donald Trump has seen his cryptocurrency holdings surpass $10 million, according to data from blockchain tracking platform Arkham. The majority of his gains can be attributed to the rising value of MAGA (TRUMP), a meme-inspired coin based on Trump himself. At present, Trump’s portfolio includes $7.1 million worth of TRUMP, $1.83 million worth of Ethereum (ETH), as well as various smaller altcoins that were likely sent to his public wallet address for promotional purposes. Arkham’s data indicates that Trump’s portfolio is currently experiencing significant growth. TRUMP, which was launched on the Ethereum network last year, has already surged by approximately 17,200% since its inception and has increased by 129% in the past month alone. The coin now boasts a market capitalization of well over half a billion dollars. Trump’s expanding portfolio follows his recent pledge to support crypto-friendly policies if elected as president in 2024. In a speech to his supporters in Washington D.C., the Republican candidate vowed to counter the Biden Administration’s anti-crypto stance, stating that he will ensure the future of cryptocurrencies like Bitcoin is developed in the United States, rather than overseas. Trump also revealed that his campaign is now accepting donations in popular digital currencies such as Bitcoin, Ethereum, Dogecoin, XRP, Solana, and Shiba Inu.
