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Home»ADOPTION NEWS»Cryptocurrency wallet linked to Donald Trump reaches $10 million worth: Arkham
ADOPTION NEWS

Cryptocurrency wallet linked to Donald Trump reaches $10 million worth: Arkham

By Crypto FlexsMay 27, 20242 Mins Read
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Cryptocurrency wallet linked to Donald Trump reaches  million worth: Arkham
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A cryptocurrency wallet linked to former president and Republican presidential candidate Donald Trump holds about $10 million worth of assets.

The wallet holds $7.12 million worth of MAGA tokens, known as tickers. erase

-11.94%
, According to Arkham Intelligence, a blockchain data tracking company. MAGA tokens were originally purchased with Ethereum packaged on Uniswap, Arkham noted.

The wallet also holds 463.441 ETH ($1.84 million) and 1 million MAGA VP (MVP) tokens, worth about $509,000.

As of this morning, the wallet’s holdings surpassed $10 million and are currently worth $9.95 million.

Arkham noted that most of the wallet value at X comes from appreciating assets, particularly MAGA. According to The Block’s pricing page, the token is trading at $12.43 after rising 8.3% over the past day. MVP is worth about $0.48 per token and is down 12.7% in the last day, according to CoinMarketCap price data.

Due to the performance of his wallet, Trump remains the top celebrity in terms of cryptocurrency holdings, surpassing others such as Justin Bieber, Kevin Hart, and Jimmy Fallon.

trump cryptocurrency wallet

Arkham linked the former president’s wallet address using financial statement information submitted in August 2023.

At the time of the connection, Trump held nearly $5 million in ETH and earned $4.9 million in royalties from his collection of Trump digital trading card NFTs, giving him ‘crypto whale’ status. The Block previously reported that the wallet sold $2.4 million worth of ETH in December 2023.

At the 2024 Libertarian National Convention on May 25, Trump raised issues including supporting self-custody, banning central bank digital currencies, and even freeing imprisoned Silk Road founder Ross Ulbricht. I expressed my gratitude for this. Despite Trump previously criticizing Bitcoin and other cryptocurrencies, he noted that he feels “positive and open” about the cryptocurrency industry, showing that this is indeed an increasingly political issue.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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