The recent increase in the price of MAGA Token , along with other assets, has pushed the value of a wallet believed to be linked to Donald Trump to $10 million.
Donald Trump's cryptocurrency wallet exceeds $10 million
The cryptocurrency wallet associated with former President and leading Republican candidate Donald Trump currently holds about $10 million in assets.
According to Arkham Intelligence , a blockchain data tracker, this wallet contains $7.12 million in MAGA Token , known by the ticker TRUMP. MAGA Token were initially purchased with Wrapped ether on Uniswap, Arkham said. This wallet also holds 463,441 ETH (worth $1.84 million) and 1 million MAGA VP (MVP) Token worth about $509,000.
This morning, the total value of assets in the wallet exceeded $10 million and is currently worth approximately $9.95 million.
Arkham noted on X that the majority of the wallet's value comes from assets that have appreciated in price, especially MAGA. According to CoinMarketCap price data , MAGA is currently priced at about 11.34 USD per Token, having dropped 8.38% in the past day.
Given the wallet's performance, Trump remains one of the top celebrities in terms of cryptocurrency holdings, surpassing stars like Justin Bieber, Kevin Hart and Jimmy Fallon.
The link between this cryptocurrency wallet and Donald Trump
Arkham connected this wallet address to former President Trump using information from his financial statements filed in August 2023.
At the time the connection was made, Trump held nearly $5 million in ETH and had earned $4.9 million in royalties from his collection of Non-Fungible Token Trump Digital Trading Cards, placing him among a “crypto whale.” This wallet sold $2.4 million in ETH in December 2023.
At the 2024 Libertarian National Convention on May 25, Trump spoke of supporting self-custody of assets, banning central bank digital currencies and even freeing Silk Road founder Ross Ulbricht — to whom Ulbricht expressed gratitude. Despite previously condemning Bitcoin and other cryptocurrencies, Trump said he feels “positive and open” towards the cryptocurrency industry, suggesting that this is indeed becoming an issue increasingly political.
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The article Donald Trump's crypto wallet reaches a value of 10 million USD appeared first on CoinMoi .
