Donald Trump's Crypto Portfolio Hits $10M Mark Amid Surge in MAGA Memecoin Value

Former President Donald Trump's cryptocurrency portfolio briefly exceeded $10 million, driven primarily by his holdings in the MAGA memecoin, TRUMP, which reached an all-time high of $13.24 on May 27. According to blockchain intelligence firm Arkham, Trump holds 579,290 TRUMP tokens, valued at approximately $6.79 million. The surge in TRUMP's value followed Trump's recent endorsements of cryptocurrency-related initiatives and the launch of a fundraising page by the Trump 2024 campaign to accept crypto donations. However, TRUMP's price has since declined by 8.8%, lowering Trump's overall portfolio value to $9.5 million as of early trading on May 28. Alongside TRUMP, Trump also holds a significant amount of Ether (ETH), with 464.2 ETH valued at around $1.79 million, and a million MVP tokens worth approximately $473,000. While MAGA was launched with the intent to support U.S. veterans and combat child trafficking, it is not officially affiliated with Trump.