Former US President and leading US presidential candidate Donald Trump has always been vocal about his optimistic views on cryptocurrencies and the digital asset industry. Additionally, he has always been open about his crypto holdings and wallet.
On May 27, Donald Trump’s crypto wallet reached a valuation of $10 Million, brought to viewers’ attention by Arkham Intelligence.
BREAKING: Donald Trump now holds $10M in crypto
— Arkham (@ArkhamIntel) May 27, 2024
Donald Trump’s on-chain holdings surpassed $10 Million this morning, mainly fuelled by the rise in price of the $TRUMP coin – of which Trump currently holds $7.3M. pic.twitter.com/rkQi6SLvvG
Arkham Intelligence is an on-chain analytics platform that aims to simplify blockchain data by converting raw and cryptographic data into human-readable formats.
Source: Arkham Intelligence
The graph shows the portfolio’s growth since the beginning of 2023, when a significant increase along with an all-time high was marked.
Deep Dive into Trump’s Crypto Wallet
At press time, Donald Trump’s crypto wallet was valued at $9,598,450.45 after experiencing a decline of $481.39K, as it hit a value of $10 Million just a day before.
Source: Arkham Intelligence
The above image shows total valuations and decline in a day in Donald Trump’s portfolio.
His portfolio has a maximum investment in a meme coin, MAGA, which trades with a ticker TRUMP. His portfolio holds 579.29K TRUMP, which had a valuation of $6.91 Million.
Source: Arkham Intelligence
The second largest valuation contributor to his portfolio is his investment in Ethereum, which holds a valuation of $1.79 Million. He holds 464.277ETH at a price of $3,850.12.
Other valuations in the portfolio include MVP, CONAN, BABYTRUMP, USDC, and more. He has invested in memecoins, altcoins and stablecoins.
What Led to the Sudden Hike in his Portfolio Valuation?
The sudden increase in the TRUMP coin price led to a significant increase in the wallet valuation. On May 26, the MAGA token experienced a rise of a whopping 36%, leading to an increase from $8.969 to $12.213.
Moreover, MAGA sustained the growth with a slight decline of approximately $1.75%. The following day, it experienced a 2.70% increase, recovering from the previous decline and leading to a valuation of approximately 12.290.
Despite MAGA’s increase in value, the portfolio’s total valuation has declined from $10 Million. A probable reason for this decline is Ethereum’s decrease in value by 1.19% at the time of writing. ETH was trading at $3843.42.
