US presidential candidate Donald Trump's wallet contains 579,281 TRUMP, according to Arkham Intelligence. Against the backdrop of the politician’s recent victories, the value of these tokens exceeded $1 million.
According to the platform, the politician received memcoins from the project team between August and October 2023. At that time they cost about $7100.
Donald Trump makes $1M on TRUMP Memecoin
Donald Trump's holdings of TRUMP have just passed $1M.
He originally received $7.1K of TRUMP from the TRUMP team between August-October 2023, which is now worth over $1.07M.
That's 150x. pic.twitter.com/u1Em8xReUl
— Arkham (@ArkhamIntel) January 22, 2024
Memecoin MAGA (TRUMP) appeared on the market in mid-August 2023. Up until November, it traded between $0.01 and $0.08, according to CoinMarketCap.
At the time of writing, the asset price is $1.82. Since the beginning of trading, the growth in the position has reached 11,150%.
The jump in the price of memcoin occurred against the backdrop of the politician’s recent victories. Let us remind you that two candidates for participation in the presidential elections from the Republican Party – Vivek Ramaswamy and Ron DeSantis – abandoned the race and supported Trump.
The politician has long been an opponent of crypto assets. However, he changed his mind after the release of the first NFT collection in December 2022, which, by the way, faced criticism.
It is interesting that before this, the Trump family threatened to sue the developers of another thematic project – TrumpCoin.
Source: Cryptocurrency
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