Donald Trump, the former president of the United States and the current Republican presidential candidate, has been airdropped at least $10 million worth of memecoins by developers of various projects. Trump’s portfolio includes a range of tokens, namely $TRUMP, $ETH, $WETH, $MVP, $CONAN, $BABYTRUMP, and $MAGA, with only $ETH and $WETH being non-memecoins.
In a recent development, Trump’s cryptocurrency holdings have surpassed the $10 million mark, primarily due to the surge in the value of the TRUMP token, which reached $15.44. This significant increase can be attributed to Trump’s recent endorsement of cryptocurrencies, where he expressed a positive attitude towards cryptocurrency companies and the industry as a whole. The Trump 2024 campaign even created a crypto donation page on May 21st to capitalize on this growing trend.
Currently, Trump holds 579,290 TRUMP tokens, valued at approximately $8.56 million. However, the value of TRUMP has slightly decreased, with the current price being $14.7. Alongside his TRUMP investments, Trump also owns a substantial amount of Ethereum, with 464.2 ETH worth around $1.79 million. Additionally, he possesses a million MVP tokens, another memecoin designed to support his campaign. Despite reaching a peak of $0.709 on May 17, the value of MVP has experienced a 33% decline and is currently trading at $0.477, resulting in Trump’s MVP holding being valued at approximately $473,000.
These holdings highlight the immense potential of memecoins and the influence that figures like Donald Trump can have on their value. However, they also serve as a reminder of the market’s volatility and the associated risks that come with it, as evident from the fluctuating values of TRUMP and MVP tokens.