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BNB
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Solana price
XRP
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Shiba Inu
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SirWin
SirWin
SirWin

Trump approves crypto, MAGA VP, TRUMP surge; Will crypto lead finance in 2024? 

Press Releases
Trump approves crypto, MAGA VP, TRUMP surge; Will crypto lead finance in 2024? 

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Former U.S. President Donald Trump has made a surprising decision to start accepting campaign donations in cryptocurrency, especially Bitcoin.

This has marked a major stand-alone event where politics meets technology. Investors are also starting to understand whether cryptocurrency will come to the forefront of finance this year onwards. 

The announcement of Donald Trump’s approval for crypto was disclosed during a private dinner with holders of his “Mugshot Edition” NFTs. Trump has stated his dedication to enabling supporters to contribute using cryptocurrency for his campaign in the upcoming 2024 presidential election as a Republican candidate. MAGA VP has been already up by 14% in the last 24 hours!

Recent reports by Arkham Intelligence reveal insights into Trump’s cryptocurrency investments through blockchain analysis and financial disclosures, identifying wallets linked to the former president. Trump entered the crypto market in late 2022 with his Trump Digital Trading Cards NFT collection, showing strong performance with a floor price surpassing $200 compared to other NFTs. 

Recent research also indicates that Trump holds a significant amount of tokens, amounting to about 800 in total, split between ETH and WETH. The collective worth of these tokens is roughly $2.5 million.

The largest position in Trump’s portfolio, however, is the MAGA Coin (TRUMP). Introduced in August, the MAGA coin skyrocketed to a whopping $11.50 by March. 

The creators of the project gifted 580,000 tokens to Trump as part of a promotional strategy and out of appreciation. At its peak, Trump’s 580,000 tokens were valued at over $6.7 million. In February of this year, MAGA VP MVP made great strides, with prices reaching as high as 0.31 cents. 

MAGA VP has expanded its reach to include the Solana, BNB, and BASE chains. This strategic move has allowed MAGA VP to connect with the active Solana community and leverage L2 solutions for faster transactions and lower gas fees. As a result, the token has become a popular choice among investors. 

Additionally, a smart token tax system directs 2% of funds towards various aspects of the TRUMP ecosystem. Specifically, 1% is dedicated to TRUMP rewards for 4MVP holders to boost community engagement, while an additional 0.5% is earmarked for marketing efforts to increase visibility and exposure. 

Donald Trump’s endorsement of cryptocurrency among his supporters could potentially pave the way for a significant rise in the popularity of crypto in 2024.

As more people begin to embrace this digital currency trend, it’s possible that MAGA VP might emerge as one of the top-ranking memecoins. MAGA VP has secured 12 CEX listings so far, including Bitmart, XT.com, and LBank.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.