The cryptocurrency holdings of former President Donald Trump experienced a significant surge, surpassing $10 million temporarily, primarily driven by his considerable investment in the TRUMP token. This surge was noted and reported on May 27 by Arkham, a blockchain intelligence firm. The notable increase in value was primarily attributed to the TRUMP meme-inspired coin, which reached an unprecedented high of $13.24 on the same day.

According to Arkham's findings, Trump's holdings included 579,290 TRUMP tokens, valued at approximately $6.79 million. Despite his expressed positivity and open-mindedness towards cryptocurrency, the value of TRUMP tokens experienced a subsequent decline, dropping by 8.8% to $12.04. Consequently, the overall value of Trump's cryptocurrency portfolio retreated to $9.5 million, coinciding with a broader downturn in crypto markets during early trading on May 28.

In addition to his TRUMP holdings, Trump also maintains a substantial investment in Ether (ETH), with 464.2 ETH valued at approximately $1.79 million at the time of reporting. Furthermore, Trump holds a million MVP tokens, valued at around $473,000. The MVP token, another meme-inspired coin, is designed to provide rewards and support donations to Trump's election campaign. However, its value has experienced fluctuations, reaching an all-time high of $0.709 on May 17 but subsequently declining by 33% to trade at $0.477 at the time of reporting.

It's worth noting that while the MAGA token was launched with the purported aim of supporting U.S. veterans and preventing child trafficking, it is not officially affiliated with or endorsed by Donald Trump, despite bearing his name. Nonetheless, according to the official website, significant contributions have been made to both causes since the token's inception. Additionally, Trump's stance on the cryptocurrency industry was highlighted on May 25 when he expressed his positive outlook and openness to cryptocurrency companies and related developments. Moreover, on May 21, the Trump 2024 campaign initiated a fundraising page to accept cryptocurrency donations.