Digital tokens named after Donald Trump grew by a record 44,309%

Recently, former US President Donald Trump’s crypto wallet reached $ 5 million — all thanks to digital tokens dedicated to the odious politician.

In particular, a significant portion of his digital wealth is now represented by the TRUMP cryptocurrency, a generous gesture on the part of the crypto project’s developers, who presented the former president with 579,281 tokens.

Despite his initial rejection of bitcoin (BTC), Trump entered the world of cryptocurrencies by issuing a series of cards with non-fungible tokens (NFTs). Subsequently, he introduced several collections of NFT cards, also announcing his intention to create a bitcoin-based card with the words «Mugshot Edition Series».

After the NFT-related transactions, Trump capitalized on the profits from the sale of ethereum ETH $3,302.05 Bridged Ether (StarkGate) -2.29% Market capitalization $0.28 billion VOL. 24 hours $2.24 billion . Despite these transactions, he currently owns 340,531 ETH, which is equivalent to $ 1 million, according to Arkham Intelligence.

In addition, as of February 24, 2024, Trump owns 368,342 wrapped ether (WETH) worth more than $ 1 million. However, the bulk of his cryptocurrency wealth comes from his substantial holdings of maga (TRUMP) coins, which total 579,281 TRUMP.

Currently, TRUMP tokens are trading in the range of $ 4.75 to $ 5.19 per unit, having reached an all-time high on Saturday. The increase in the value of the virtual coin represents a significant increase of 44.309% compared to the historical low of $ 0.1 136 per coin, which was recorded on October 14, 2023. The total supply of TRUMP tokens has reached a maximum of 47 million, of which 46,502,515 are currently in circulation.

TRUMP tokens are stored in 8,233 individual wallets, which have already been transacted 151,853 times.

The Wormhole Token Bridge holds the largest amount of TRUMP, while the 100 largest holders together own 63.76% of the available supply of TRUMP. According to the latest data, Trump ranks 15th among the largest cryptocurrency holders. In addition to the maga tokens (TRUMP), Trump also owns 950,000 BABYTRUMP, which are now valued at more than $ 275,000.

Trump recently noted the independent nature of bitcoin BTC $96,849.21 Bitcoin -1.55% Market capitalization $1.92 trillion VOL. 24 hours $2.75 billion , suggesting the potential need for regulation. He also stated that he has seen a growing trend toward using bitcoin for payments. «Many companies are already accepting bitcoin. And I see more and more people wanting to pay with cryptocurrency,» the politician added. However, in the end, Trump still prefers traditional fiat money, particularly the dollar.