Former US President Donald Trump’s Ethereum wallet holds over 579,000 MAGA (TRUMP) tokens, Decrypt reported. Blockchain analytics firm Arkham Intelligence previously linked the wallet to Trump, which holds a portion of royalties from sales of Trump’s official NFT collection. Recently, the price of these Meme coins has surged, bringing the value of Trump’s holdings to approximately $1.1 million. According to data from CoinGecko, the TRUMP token has gained 222% this week and 689% over the past 14 days. Trump’s wallet is not associated with the creation of TRUMP tokens, which are typically created by anonymous individuals in an effort to ride on the hype and FOMO effect. According to public blockchain data tracked by Etherscan, Trump’s wallet received large amounts of TRUMP tokens in multiple transactions in August and October 2023. Currently, Trump’s TRUMP token is worth $1.1 million and is the largest single holding among wallets associated with Trump. As of now, the wallet holds a total of approximately $2.6 million worth of cryptocurrencies, including approximately $755,000 in Ethereum (ETH) and $731,000 in Wrapped Ethereum (WETH).