{"id":13854,"date":"2024-05-28T10:07:46","date_gmt":"2024-05-28T07:07:46","guid":{"rendered":"https:\/\/forklog.com\/en\/trump-linked-wallet-amasses-10-million-in-cryptocurrency\/"},"modified":"2024-05-28T10:07:46","modified_gmt":"2024-05-28T07:07:46","slug":"trump-linked-wallet-amasses-10-million-in-cryptocurrency","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/trump-linked-wallet-amasses-10-million-in-cryptocurrency\/","title":{"rendered":"Trump-Linked Wallet Amasses $10 Million in Cryptocurrency"},"content":{"rendered":"<p>A wallet associated with U.S. presidential candidate Donald Trump has accumulated cryptocurrency worth approximately $10 million, according to Arkham Intelligence.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: Donald Trump now holds $10M in crypto<\/p>\n<p>Donald Trump\u2019s on-chain holdings surpassed $10 Million this morning, mainly fuelled by the rise in price of the <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$TRUMP<\/a> coin \u2014 of which Trump currently holds $7.3M. <a href=\"https:\/\/t.co\/rkQi6SLvvG\">pic.twitter.com\/rkQi6SLvvG<\/a><\/p>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1795085557715861918?ref_src=twsrc%5Etfw\">May 27, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the analytics platform, the largest portion of the assets is in the meme token MAGA (~$7.12 million). The coins were acquired for &#8220;wrapped&#8221; ETH on the Uniswap exchange.\u00a0<\/p>\n<p>Trump&#8217;s wallet also contains 463,441 ETH (~$1.84 million) and about 1 million MVP (~$509,000).<\/p>\n<p>Arkham noted that the increase in the politician&#8217;s asset volume is linked to a sharp rise in MAGA&#8217;s price.\u00a0<\/p>\n<p>Over the past month, the asset has gained about 112%, reaching $11.9, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/maga\">CoinGecko<\/a>. At the time of writing, its market capitalization stands at $555 million.\u00a0<\/p>\n<p>The price of MVP increased by 20% two weeks after its appearance <a href=\"https:\/\/www.coingecko.com\/en\/coins\/maga-vp\">to $0.4756<\/a>. The market capitalization of the meme token exceeded $20 million.\u00a0<\/p>\n<p>Arkham experts linked the wallet to Trump using information from his financial disclosures submitted in August 2023. Since then, analysts have been tracking the address&#8217;s dynamics.\u00a0<\/p>\n<p>In January 2024, the value of 579,281 TRUMP held in the wallet <a href=\"https:\/\/u1f987.com\/en\/news\/donald-trumps-trump-memecoin-holdings-exceed-1-million\">exceeded $1 million<\/a> amid approximately a fivefold increase in the coin&#8217;s value.\u00a0<\/p>\n<p>However, in April, the trading volume of the former U.S. president&#8217;s first NFT series <a href=\"https:\/\/u1f987.com\/en\/news\/trumps-nft-collection-trading-volume-plummets-by-99\">plummeted by 99%<\/a>. Earlier, media reported that sales of non-fungible tokens brought the politician up to $1 million. According to Trump&#8217;s disclosed information, he earned $298,000 in licensing fees.<\/p>\n<p>In March, the politician stated that he <a href=\"https:\/\/u1f987.com\/en\/news\/donald-trump-describes-bitcoin-as-an-additional-form-of-currency\">does not plan to interfere with the use of Bitcoin<\/a> or other digital assets if he wins the November elections.<\/p>\n<p>He described the first cryptocurrency as an &#8220;additional form of currency&#8221; that <a href=\"https:\/\/u1f987.com\/en\/news\/trump-discusses-bitcoins-future-in-the-us-and-reveals-his-preferred-currency\">will require specific regulation by authorities<\/a>. In the politician&#8217;s view, Bitcoin has already &#8220;taken on a life of its own.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A wallet associated with U.S. presidential candidate Donald Trump has accumulated cryptocurrency worth approximately $10 million, according to Arkham Intelligence.\u00a0 BREAKING: Donald Trump now holds $10M in crypto Donald Trump\u2019s on-chain holdings surpassed $10 Million this morning, mainly fuelled by the rise in price of the $TRUMP coin \u2014 of which Trump currently holds $7.3M. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13853,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[991,57],"class_list":["post-13854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-donald-trump","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/13854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=13854"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/13854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/13853"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=13854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=13854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=13854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}