Former US President Donald Trump has reportedly crossed a significant financial threshold with his digital asset portfolio now valued at over $10 million. This landmark is largely due to the surge in the price of the TRUMP memecoin, currently trading at $12.67. Arkham Intelligence reveals that the meme coin represents the bulk of Trump’s cryptocurrency holdings, estimated at $7.34 million.
Trump’s digital asset portfolio comprises various notable cryptocurrencies. In it, the former president reportedly owns 463.35 Ether (ETH), which is valued around $1.81 million and 1 million MVP tokens valued at $480,590. He additionally holds 20 billion CONAN tokens, worth around $312,800. Multiple holdings of BABYTRUMP coins and over 53,000 TRUMP coins further contribute to the substantial cryptocurrency portfolio.
The former president seems to be embracing the world of cryptocurrency beyond his personal investment. He has recently given supportive statements for the blockchain sector, emphasizing that the US should be at the forefront of this growing field. Additionally, Trump’s campaign has even begun accepting donations in the form of cryptocurrency, setting him apart from current administration’s attitude towards digital assets.
During the Libertarian Party’s National Convention in Washington, Trump promised to defend the right to maintain personal possession of digital assets, whilst opposing the notion of a central bank digital currency (CBDC). His pro-crypto stance is perceived to enhance his election chances. Predictions from the Polymarket crypto platform suggest a 56% probability of a win for Trump compared to Biden’s 38%, indicating that his receptiveness towards digital assets might just be the gamechanger.