Trump's Cryptocurrency Portfolio Surpasses $5 Million

Recently, the 45th President of the United States, Donald Trump, expressed a neutral stance towards Bitcoin, stating he could "live with it one way or the other." However, Trump's assets in cryptocurrencies have significantly increased, with a substantial portion of his digital wealth now held in a digital currency aptly named TRUMP, a gesture from the developers of the crypto project who gifted the former president 579,281 tokens.

On February 24, 2024, Donald Trump, the former US president and a candidate in the 2024 presidential race, witnessed a surge in the value of his digital currency portfolio. Despite his initial aversion to Bitcoin (BTC), Trump ventured into the world of cryptocurrencies by launching a collection of non-fungible token (NFT) cards, quickly sold out, marking his entry into crypto earnings.

Additionally, he presented several collections of NFT cards and announced plans to create a card based on the Bitcoin Ordinal with inscriptions from his "Mugshot Edition Series." Moreover, Trump profited from the sale of Ether (ETH) following the NFT release. Despite these transactions, he still holds 340,531 ETH worth just over $1 million, according to current Arkham Intelligence data.

Trump's crypto wealth is primarily associated with his substantial reserves of Mage Coins (TRUMP), totaling 579,281. This stash gives Trump $2.98 million in TRUMP tokens—a generous gift from the project's developers.

Currently, TRUMP tokens are trading between $4.75 and $5.19 each, reaching a record high of $5.19 at 3:00 PM EST on Saturday afternoon. This peak represents a staggering 44,309% increase compared to the token's all-time low of $0.01136 per coin on October 14, 2023.

The total value of Trump's cryptocurrency assets amounts to $5.38 million. It remains unclear whether Trump will sell his significant Mage token collection. Additionally, the Trump family reportedly considered filing a lawsuit against a cryptocurrency called Trumpcoin, accusing it of unauthorized use of the name. In response, Trumpcoin's creators addressed the allegations.