Donald Trump’s crypto portfolio exceeds $10 million, thanks to $TRUMP coin and Ethereum surge.

As of May 27, Former President Donald Trump’s crypto portfolio exceeded $10 million.

Former US President and Republican leader Donald Trump’s crypto investments are paying off. On-chain crypto assets exceed $10 million. The increase was primarily due to an increase in the value of the MAGA (TRUMP) meme coin.

According to data from ArkhamIntel, Trump’s holdings in $TRUMP alone are worth $7.3 million, making up the majority of his crypto investments. Trump also owns over 463 Ethereum (ETH), currently worth $1.8 million. Trump does not have any publicly traded 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 is currently at $12.40.

Trump and crypto

Trump did not shy away from voicing pro-crypto sentiment during the recent campaign. Historically, Trump has had a mixed stance on cryptocurrency. In 2019, he expressed skepticism about Bitcoin, calling it “extremely volatile.”

But during this election cycle, Trump said he would embrace crypto during his next presidency. “Cryptocurrency is moving out of the USA due to hostility towards it. Idont want this. If we’re going to embrace this, we’re going to have to let them be here,” he said at a recent rally.

On May 21, the Trump campaign launched a fundraising page accepting donations in any cryptocurrency available on the Coinbase platform.

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