Former president Jesse Trump’s crypto wallet is bulging—and lucrative owns nearly $4 million price of MAGA meme coins.
The Ethereum wallet associated with the presidential hopeful by blockchain analytics firm Arkham Intelligence now holds almost $6.4 million in crypto. The majority of that—about 58%, or $3.85 million worth around this writing—is locked in MAGA (TRUMP) tokens, which operate on Ethereum’s blockchain.
Trump also holds over $1.two million in Wrapped Ethereum (WETH) tokens and most $1.a million in Ethereum (ETH). The previous U . s . States President receives royalties from sales from the official Trump NFT collections, launched in 2022 and 2023. He cashed out countless dollars’ worth of ETH late this past year following a latest NFT collection launch.
The TRUMP meme token is presently costing $6.53, up 139% now, CoinGecko shows. Previously month, the cost has soared by 341%. TRUMP hit an exciting-time high cost of $7.78 early Wednesday, pushing the need for Trump’s own holdings above $4.5 million at that time.
TRUMP is really a meme gold coin: a cryptocurrency according to an online meme, a tale, or perhaps a celebrity. Such tokens frequently operate on other blockchains—such as Ethereum—and are very volatile.
Trump probably doesn’t have official link with the TRUMP token project they’re frequently produced by anonymous crypto users searching to create bank on hype and momentum. Within this situation, Trump’s wallet was sent massive chunks from the tokens last fall.
The greatest meme gold coin is Dogecoin (DOGE), which features its own blockchain and it is the tenth largest digital asset having a market cap of $16.2 billion.
Since DOGE’s launch, a large number of meme coins have sprung into existence simply to disappear just like rapidly (a minimum of generally), making some investors massive gains—and losses.
Trump hasn’t openly acknowledged holding the meme gold coin. However with the Republican frontrunner facing more and more high legal bills in front of 2010 election, is he going to have the pressure money crypto?
Edited by Andrew Hayward
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The views and opinions expressed through the author are suitable for informational purposes only and don’t constitute financial, investment, or any other advice.
