Trump’s Ethereum Meme Coin Holdings Hit $4 Million—Will He Dump?

Former US President Donald Trump’s crypto portfolio is making headlines. The controversial figure now holds nearly $4 million worth of MAGA meme coins, and the crypto community is buzzing with speculation.

In a recent report by blockchain analytics firm Arkham Intelligence, the Ethereum wallet linked to Trump currently boasts a staggering $6.4 million in various cryptocurrencies, out of which approximately 58%, valued at $3.85 million, are held in MAGA tokens. Operating on Ethereum’s blockchain, these tokens carry the spirit of the “Make Crypto Great Again” slogan and claim to be the only active cryptocurrency donating to U.S. veterans and protecting children.

He also holds around $1.2 million in Wrapped Ethereum (WETH) and more than $1.1 million in Ethereum (ETH) tokens. Notably, Trump receives royalties from sales of the official Trump NFT collections, launched in 2022 and 2023. He cashed out millions of dollars worth of ETH after the latest NFT collection release.

Trump Meme Coin

The TRUMP meme token has been on a wild ride. Currently priced at $6.53, it has surged 139% in just one week, and its value has skyrocketed by an impressive 341% over the past month. Early Wednesday, TRUMP hit an all-time high of $7.78, briefly pushing Trump’s holdings above $4.5 million.

TRUMP is a classic meme coin—a crypto inspired by internet memes, jokes, or celebrity culture. These tokens often run on various blockchains, including Ethereum and Polygon. While TRUMP is making waves, the reigning king of meme coins remains Dogecoin (DOGE). With its dedicated blockchain, DOGE ranks as the 9th largest crypto asset at the time of writing with a market cap of $17.9 billion.

It’s important to note that Trump has no official connection to the TRUMP token project. These meme coins are typically created by anonymous crypto enthusiasts seeking to capitalize on hype and momentum. In this case, Trump’s wallet received substantial TRUMP token transfers last fall. Interestingly, Trump has never publicly acknowledged his TRUMP holdings. As the Republican frontrunner faces mounting legal bills, the crypto community eagerly watches whether he’ll hold onto his meme fortune or make a strategic move.

In the unpredictable world of crypto, one thing is certain: Trump’s Ethereum wallet is a fascinating spectacle, blending politics, memes, and financial intrigue. Whether he’ll dump TRUMP or ride the meme wave remains to be seen.

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