Trump Crypto Holdings Surpass $10 Million Milestone

Former US President Donald Trump cryptocurrency portfolio has exceeded $10 million, largely driven by the rising value of the TRUMP coin. Trump has also made several pro-crypto statements, emphasizing the need for the US to lead in the crypto sector

In a significant development, former US President Donald Trump’s cryptocurrency portfolio has crossed the $10 million mark, according to recent data from Arkham Intelligence. This milestone is primarily attributed to the surge in the value of the TRUMP coin, which is currently trading at $12.67.

$TRUMP Coin Boosts His Portfolio

Trump’s on-chain holdings have reached an impressive $7.34 million worth of TRUMP coin. The asset’s recent price increase of $1.40 has significantly bolstered his overall portfolio value.

“His owning $10M in crypto is mainly fueled by the rise in the price of the $TRUMP coin, of which Trump currently holds $7.34M,” noted Arkham Intelligence.

Trump’s cryptocurrency portfolio is diverse, featuring several notable assets. He owns 463.35 ETH, valued at approximately $1.81 million, and 1 million MVP tokens worth $480,590. Additionally, he holds 20 billion CONAN tokens, valued at $312,800. The portfolio also lists two entries for BABYTRUMP: 950,000 coins worth $149,840 and 900,190 coins valued at $7,590. Trump also owns 53,1728 TRUMP coins worth $13,540 and 11,989 USDC worth $11,990.

A Pro-Crypto Stance

Trump’s involvement with cryptocurrency extends beyond personal investments. He has made several pro-crypto statements, emphasizing the importance of the US leading in this growing sector. Recently, his campaign has begun accepting crypto donations in various digital assets, including Bitcoin.

“I am very positive and open-minded to cryptocurrency companies. Our country must be the leader in the field. There is no second place,” Trump stated.

This pro-crypto stance starkly contrasts with President Joe Biden’s administration, which Trump accuses of wanting to stifle the industry. At the Libertarian Party’s National Convention in Washington, Trump pledged to protect the right to self-custody crypto assets and to prevent the creation of a central bank digital currency (CBDC).

“I will support the right to self-custody. I will keep Elizabeth Warren and her goons away from your bitcoin,” Trump added.

Trump’s support for the crypto industry is also enhancing his election prospects. According to Polymarket, a crypto-based prediction platform, he has a 56% chance of winning, compared to Biden’s 38%. His campaign’s acceptance of digital asset donations marks a significant move, contrasting sharply with the current administration’s approach to cryptocurrency.

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