Presidential contender Donald Trump’s cryptocurrency holdings surpassed $10 million earlier this week, according to data from blockchain analysis platform Arkham. Trump’s gains were primarily driven by the surge in value of MAGA (TRUMP), a meme-inspired coin based on Trump himself. As of now, Trump holds approximately $7.1 million worth of TRUMP, $1.83 million worth of Ethereum (ETH), and several smaller altcoins, many of which were likely sent to his public wallet address as a marketing or publicity tactic. Arkham’s data indicates that Trump’s portfolio is currently experiencing a significant upward trend.

TRUMP, which was launched on the Ethereum network late last year, has already seen a staggering 17,200% increase in value since its inception and has risen by 129% in the past 30 days. Its market capitalization currently exceeds half a billion dollars.

Trump’s portfolio growth comes in response to his recent announcement that he intends to promote pro-cryptocurrency policies as part of his presidential campaign. Speaking to his supporters in Washington D.C., the 2024 Republican candidate emphasized his determination to counter the Biden Administration’s anti-crypto stance.

“I will also put a stop to Joe Biden’s campaign against cryptocurrency. We will end it. I will ensure that the future of cryptocurrency and Bitcoin is built in the United States, not outsourced overseas. I will support the right to self-custody for the nation’s 50 million crypto holders. I make this promise with your vote. I will keep Elizabeth Warren and her associates away from your Bitcoin, and I will never allow the creation of a central bank digital currency.”

Furthermore, Trump has announced that his campaign is now accepting cryptocurrency donations in popular virtual currencies such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), XRP, Solana (SOL), and Shiba Inu (SHIB).

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