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The Growth of Donald Trump's Cryptocurrency Wallet

Jun 1, 2024

The cryptocurrency wallet tied to Donald Trump, a notable figure in American politics as well as a former US President, is steadily expanding. At present, the total value of Trump's cryptocurrency portfolio stands at around $14 million. It is crucial to emphasize that Trump did not directly acquire these assets; instead, altcoins were airdropped to him by cryptocurrency developers seeking to boost their projects' visibility. Trump's wallet primarily consists of the memecoin known as TRUMP, valued at approximately $10 million. The remaining assets include $1.77 million in Ethereum, $1.42 million in Wrapped Ethereum, $541 thousand in MVP, $216 thousand in CONAN, $142 thousand in BABYTRUMP, and $106 thousand in MAGA. Over the past 5 days, Trump's cryptocurrency assets have surged by almost 50%, with politically themed cryptocurrencies experiencing significant growth amid the intensifying political discourse in the US. Particularly, the TRUMP token, the largest asset in Trump's wallet, has seen a remarkable 68% increase in value within the same 5-day period. This information is shared for informational purposes only and does not constitute investment advice.

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