Trump-Linked Ethereum Wallet Holds $1.1M in TRUMP Meme Coin Amid Price Surge

The wallet also contains nearly $2.6M in other cryptocurrencies, including Ethereum and Wrapped Ethereum, following a recent sale of $2.4M in Ethereum.

• An Ethereum wallet linked to former U.S. President Donald Trump holds over 579,000 MAGA (TRUMP) tokens, valued at about $1.1 million due to a recent surge in the meme coin's price.
• The TRUMP token has jumped 222% this week and 689% over the past 14 days, coinciding with Trump's recent victories in the 2024 presidential primary races.
• The wallet received the TRUMP tokens in multiple transactions in August and October 2023, and at the time of the largest transfer, the tokens were worth approximately $5,670.
• The wallet also holds nearly $2.6 million worth of cryptocurrency, including about $755,000 worth of Ethereum (ETH) and $731,000 worth of Wrapped Ethereum (WETH).
• In December, the wallet sold $2.4 million worth of ETH over a period of three weeks, following the launch of Trump's third collection of NFTs minted on Ethereum scaling network Polygon.

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