Donald Trump’s Crypto Loss: Will He Sell After Losing $1 Million in 7 Days?
Former President Donald Trump has made headlines once again, this time for his significant losses in the crypto market. In the last seven days, Trump has lost over $1 million in his crypto portfolio, raising questions about whether he will sell his position.
Trump’s crypto holdings were recently discovered by blockchain analytics firm Arkham Intelligence, revealing that he has been actively involved in the crypto space since late 2022. Trump initially acquired cryptocurrency through the sale of Trump Digital Trading Cards NFT collection, earning over 1,700 Ethereum (ETH) and Wrapped ETH (WETH) from the project.
One of Trump’s largest positions is in MAGA Coin (TRUMP), a meme coin that has gained significant attention since its launch last summer. The value of TRUMP has skyrocketed in 2024, turning the tokens Trump received into a small fortune. However, the recent market pullback has caused Trump to lose over $1 million in the past week.
The question now is whether Trump will sell his position in TRUMP coin. While this could be a temporary setback, it could also signal the beginning of the end for the token. There is no evidence that Trump is even aware of his tokens, but if he believes they could lose value in the future, he may choose to sell, as he has done in the past.
As the crypto market continues to fluctuate, all eyes are on Trump’s next move. Will he hold onto his position and wait for a potential rebound, or will he cut his losses and sell? Only time will tell. Stay tuned for more updates on this developing story.
