As of May 27, Former President Donald Trump’s crypto portfolio has surpassed $10 million. His investments in the cryptocurrency market have been paying off, with his on-chain crypto holdings exceeding the $10 million mark. This significant increase was primarily driven by a rise in the value of the MAGA (TRUMP) meme coin.

Trump’s Crypto Holdings

According to data from ArkhamIntel, Trump’s holdings in $TRUMP alone are valued at $7.3 million, making up the majority of his crypto investments. Additionally, Trump holds over 463 Ethereum (ETH), which is currently valued at $1.8 million. Notably, Trump does not publicly own any Bitcoin (BTC).

The price of the TRUMP coin, a political meme coin based on Solana, has increased by over 60% in the last seven days and currently rests at $12.40.

Trump’s Stance on Cryptocurrency

Trump has expressed a pro-crypto sentiment during his most recent campaign trail. Historically, he has had a mixed stance on cryptocurrency. In 2019, he expressed skepticism about Bitcoin, calling it “highly volatile.”

However, during this election cycle, Trump indicated that he would embrace crypto in his next presidential term. He stated, “Crypto is moving out of the U.S. because of hostility toward it. I don’t want that. If we are going to embrace it, we will have to let them be here,” in a recent rally.

Political Moves and Crypto

On May 21, the Trump campaign introduced a fundraising page that accepts donations in any cryptocurrency available on the Coinbase platform. This move aligns with his recent pro-crypto stance and aims to attract crypto enthusiasts among his supporters.

Most recently, on May 26, Trump announced his intention to support the appeal of Ross Ulbricht’s conviction. Ulbricht founded the infamous online marketplace, Silk Road, which was dismantled in 2013.

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