Donald Trump's Memecoin Wallet Surges 150 Times in Value
Date: 2024-01-23 Author: Dima Zakharov Categories: IN WORLD
In a remarkable turn of events, Donald Trump's holdings in the TRUMP memecoin have witnessed an extraordinary surge in value. According to data from the cryptocurrency tracker Arkham, the assets of the former president have soared to over $1 million, marking a staggering 150-fold increase.
This astounding rise began when Trump initially received a sum of $7,100 from the TRUMP memecoin team between August and October 2023. With subsequent transfers of tokens, their value skyrocketed, ultimately reaching over $1.07 million. It's worth noting that these tokens were sent to Trump against his will, indicating that they were not acquired by his team.
The majority of TRUMP tokens were sent shortly after Arkham marked his address on August 16, 2023. By midnight on August 19, he had received 469,000 TRUMP tokens, worth $5,600 at the time. Two months later, he received additional TRUMP tokens worth approximately $1,500.
While the current value of TRUMP stands at $1.90, Trump's assets have surged an astonishing 15,000%.
In addition to TRUMP, Trump's cryptocurrency wallet also contains other assets, including 4,776 MATIC tokens on the Polygon network, valued at $3.62 thousand.
