Donald Trump's MAGA Coin Stash Reaches $1M, Scores 15,000% Return
Portfolio Pulse from Mehab Qureshi
Former President Donald Trump's wallet received a $7,100 stake in a meme cryptocurrency named TRUMP, which has surged to over $1.07 million, marking a 15,000% return. Trump has no affiliation with the TRUMP meme coin and has not endorsed it. The coin, with a motto 'Make Crypto Great Again', has a 1% transaction fee to support various causes. Trump also liquidated over 1,000 Ethereum, believed to be from NFT royalties.
January 24, 2024 | 6:41 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Former President Trump has liquidated over 1,000 Ethereum, which may indicate a significant cash-out event from his NFT ventures.
The liquidation of a large amount of Ethereum by a high-profile individual like Trump could lead to a short-term negative sentiment among investors, potentially causing a dip in Ethereum's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70