Wallets with the Trump label have over 1 million US dollars worth of Trump Meme Coin TRUMP

According to Coindesk, data tracked by Arkham shows that the value of TRUMP meme tokens sent to an encrypted wallet labeled with Donald Trump is now worth over 1 million dollars.

These tokens were issued in August, and Trump's wallet initially received $7,100 worth of TRUMP from meme coin developers between August and October 2023. It wasn't until Trump's recent victories in the primaries, which made him a contender for the 2024 presidential election again, that these speculative tokens surged from 19 cents in November to over $2 on Wednesday.

It is reported that the issuance of TRUMP is not directly related to Donald Trump himself, but some people are using these tokens as speculative bets on his ongoing presidential campaign.