The post Here’s how much Trump’s crypto portfolio is up in 2024 appeared on BitcoinEthereumNews.com.

Former United States President Donald Trump’s cryptocurrency portfolio is soaring in value, with meme coins taking center stage.  As of October 18, the portfolio was valued at $7.79 million, reflecting a whopping growth of 420% from $1.5 million recorded on the first day of 2024, according to data provided by on-chain analytics platform Arkham. The crypto holding’s review shows that 65% of his current investment is in meme coins, with the MAGA (TRUMP) token accounting for the largest share. As of press time, the token, valued at $5.21, has surged over 1,300% in the past year, contributing $3.02 million to his portfolio. Ethereum (ETH) is second, valued at $1.3 million. Other notable holdings in the Republican presidential candidate’s portfolio include USD Coin (USDC), $137.81, and Polygon (MATIC), $1.96. Donald Trump’s crypto portfolio value. Source: Arkham It’s worth noting that the growth can be tied to recent investor interest in meme coins. At the same time, most of the meme coins in Trump’s portfolio have been inspired by events affecting Trump, such as the recent failed assassination attempt and his association with Tesla (NASDAQ: TSLA) CEO Elon Musk.  Trump’s portfolio makes him one of the most prominent investors in the cryptocurrency space among current political players in the U.S. Trump’s impact on crypto market  Notably, before the upcoming November election, Trump has expressed his support for digital assets, particularly Bitcoin (BTC), vowing to position the U.S. as a hub for digital asset innovation. At the same time, the former president has opposed the possible rollout of central bank digital currencies (CBDCs), which he believes threaten financial freedom. Despite his investments in digital assets, Trump has also been involved in launching his cryptocurrency projects, specifically the World Liberty Financial (WLF) project.  According to Trump, the project seeks to revolutionize the financial system.…

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Filed under: News - @ October 18, 2024 3:23 pm