{"id":11888,"date":"2024-05-17T16:13:11","date_gmt":"2024-05-17T16:13:11","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/trump-crypto-boom-ex-presidents-portfolio-soars-4000-amid-re-election-frenzy\/"},"modified":"2024-05-17T16:14:33","modified_gmt":"2024-05-17T16:14:33","slug":"donald-trumps-crypto-success-ex-presidents-investment-grows-by-4000-during-election-hype","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/donald-trumps-crypto-success-ex-presidents-investment-grows-by-4000-during-election-hype\/","title":{"rendered":"Donald Trump’s Crypto Success: Ex-President’s Investment Grows by 4,000% During Election Hype"},"content":{"rendered":"\n

Donald Trump, the former US President, has experienced substantial gains in the cryptocurrency market.<\/p>\n

Data from Arkham Intelligence, a market intelligence firm, shows that Trump’s cryptocurrency portfolio has surged by an impressive 4,000%, largely due to the rapid rise of the “Save America” meme coin known as “TRUMP.”<\/p>\n

Trump’s connected crypto wallet has received numerous airdrops of the TRUMP token, with the most recent one happening just 30 minutes before the analysis.<\/p>\n

These airdrops have boosted the wallet’s value from $7.4 million to an impressive $9 million in a single day, with the TRUMP meme coin accounting for $1.30 million of that increase.<\/p>\n

<\/p>\n

<\/span>Evolution of Trump’s Crypto Holdings<\/strong><\/span><\/h2>\n

Trump’s journey in the world of cryptocurrency has been extraordinary. At the start of the year, his wallet held only $142,500 worth of TRUMP tokens and $778,000 in Ethereum (ETH).<\/p>\n

Since then, his crypto empire has grown significantly, with the wallet now containing almost 580,000 TRUMP tokens valued at $5.8 million, and his ETH holdings increasing to $1.30 million.<\/p>\n

<\/p>\n

Steven Steele, the marketing director for the TRUMP meme coin, stated that this growth reflects the support from Trump’s followers and the wider crypto community.<\/p>\n

Trump’s enthusiastic adoption of cryptocurrency has played a role in boosting the popularity of the TRUMP token.<\/p>\n

\"\"<\/p>\n

<\/span>TRUMP Token: Merging Political Influence with Crypto Speculation<\/strong><\/span><\/h2>\n

Trump’s success in the crypto market is not just about financial gains; it demonstrates the connection between political influence and the speculative nature of cryptocurrencies.<\/p>\n

The former president’s positive stance on crypto, including a promise to enable Americans to use Bitcoin for daily transactions if re-elected, has energized both his supporters and the broader crypto community.<\/p>\n

The report emphasizes that the remarkable growth in Trump’s crypto investments showcases the significant impact that influential figures can have on the cryptocurrency market.<\/p>\n

As the 2024 election nears, Trump’s crypto approach and the backing from his base could establish a model for other political figures to utilize digital assets in their election campaigns.<\/p>\n

The rise in value of the TRUMP token underscores the unpredictable and speculative nature of the crypto world, particularly concerning politically linked or meme-based assets.<\/p>\n

Featured image from Getty Images, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Donald Trump, the former US President, has experienced substantial gains in the cryptocurrency market. Data from Arkham Intelligence, a market intelligence firm, shows that Trump’s cryptocurrency portfolio has surged by an impressive 4,000%, largely due to the rapid rise of the “Save America” meme coin known as “TRUMP.” Trump’s connected crypto wallet has received numerous […]<\/p>\n","protected":false},"author":1,"featured_media":11889,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Donald Trump's Crypto Success: Ex-President's Investment Grows by 4,000% During Election Hype - Bitrabo","description":"Donald Trump, the former US President, has experienced substantial gains in the cryptocurrency market. Data from Arkham Intelligence, a market intelligence firm"},"footnotes":""},"categories":[316],"tags":[1303,504,4202,1252,1961,4203,471,2377],"class_list":["post-11888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-boom","tag-crypto","tag-expresidents","tag-frenzy","tag-portfolio","tag-reelection","tag-soars","tag-trump"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/11888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=11888"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/11888\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/11889"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=11888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=11888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=11888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}