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What coins does he keep?
Trump’s crypto fortune emerges with $500,000 windfall: what coins does he own?
Donald Trump has been involved in cryptocurrencies in recent years, raising millions and generating largely profitable investments. Most of these gains occurred in 2024 due to the increase in the price of many cryptocurrency assets, as well as the popularity of smaller projects. Additionally, Trump made huge gains in early May after speaking positively about cryptocurrency to his supporters.
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Trump took a break from the ongoing trial to host an NFT event for supporters of his “Trump Digital Trading Cards ‘Mugshot Edition'” NFT collection. Customers who purchased 47 or more NFTs, priced at $99 each, were invited to dine with Trump at Mar-a-Lago and hear him talk about cryptocurrency.
The dinner inevitably generated several viral moments that were shared on social media. The cryptocurrency community has been closely awaiting a definitive position from Trump. For some traders, cryptocurrency-related issues are extremely important in terms of the upcoming presidential elections. So some members of the cryptocurrency community were happy to hear Trump’s comments on encryption In the event.
“Democrats are totally against [crypto]. And I say this, a lot of people are for it… and I’m okay with that. I want to make sure it’s good and solid… but I’m okay with that. If you like crypto in any form, and it comes in many different forms, you better vote for Trump,” he said.
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The comments received millions of views on social media, causing the prices of some cryptocurrencies to rise. For Trump, the biggest gain was that of MAGA Coin (TRUMP). This token, created in August 2023, is a memecoin that uses Trump’s name to attract investors. Furthermore, according to the project’s marketing director, Steven Steele, the token “has evolved to become this kind of de facto election betting market for many investors.”
Additionally, the project sent Trump 580,000 chips when they launched the token. At the time, TRUMP was worth less than $0.01 and the position was worth just a few thousand dollars. However, TRUMP’s price rose to $11.56 in March, and Trump’s position is now worth millions.
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So it wasn’t a huge surprise that TRUMP’s price rose on the former president’s comments. MAGA Coin went from less than $4.20 per token to more than $7.30 in less than three hours after the comments were published. This resulted in a price increase of more than 70%, and Trump’s total share went from $2.4 million to more than $4.2 million. The token’s price has since fallen, but Trump still has more than $500,000 in unrealized gains from the token.
In addition to TRUMP, the portfolio also contains ETH and WETH, which were received from the NFT project, as well as more than 50 other small memecoins.
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This article Trump’s crypto fortune emerges with $500,000 windfall: what coins does he own? originally appeared in Benzinga.com
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