Days before the US presidential election on November 5, the crypto world is rattled by the news that former President Donald Trump’s crypto portfolio has gained substantially over the last 30 days. As of October 29, the US presidential candidate's crypto gains spiked by over $429000 while the market was still soaring.
Arkham Intelligence has revealed that the crypto portfolio of Donald Trump increased to $6.98 million on October 29 from $6.21 million in the previous month. This surge is due to several Trump-themed branded tokens like MAGA. This is in line with the recent rise in digital assets linked to public figures which have caught the attention of crypto investors.
Trump’s crypto holding grew the most from its 579000 Maga meme coin which was valued at $2.58 million in October end, increasing by 54.3% from the $1.67 million in late September. That’s a little short of a 1 million ( $909,490) jump in value.
Trog is another token that Donald Trump has a substantial holding. The former US President owns 210 million TROG tokens which gained 33.1% in the last month, increasing its holding value from $673,000 to roughly $896,000 in October end.
Trump also owns 301 million MAGA tokens which increased in value by 240% in the last one month, making his holdings worth reach $74530 from $21,890, a $52,640 surge. Recently, the former US President added DJT tokens to his portfolio which is currently worth $31,790. Meanwhile, his 56,230 Book of Ethereum BOOE/USD tokens doubled in value from $15,770 to $31,800 in October, swelling up his crypto gains by an additional $16,030 in returns.
All these gains in Donald Trump’s digital assets showcase how the market is warming up to public figures' crypto investments ahead of the US elections. Earlier in 2024, the former President made headlines by entering the NFT space via digital collective cards.
Hence this unprecedented increase in a US presidential candidate’s digital assets before the election highlights the junction of politics, finance and technology which we have witnessed during the campaigns.