Does Donald Trump Hold Ripple’s XRP Token?

Crypto
analysis
firm
Arkham
recently
revealed
that
the
former
US
President
held
$10
million
worth
of
cryptocurrencies.
One
X
user
shared
that
the
former
President
also
holds
Ripple’s
XRP
token.
X
user
‘Matze
XRP‘
shared
a
screenshot
of
a
crypto
wallet
named
“TrumpProductions.”
The
user
claims
that
the
wallet
belongs
to
the
former
US
President.
The
wallet
was
activated
on
Sunday,
May
26
with
an
initial
balance
of
33
XRP.

Also
Read:
A
White
Triangle
Forms
On
Ripple
XRP:
How
High
Will
It
Trade
Now?

Does
Donald
Trump
really
hold
Ripple’s
XRP
token?

While
the
wallet
may
be
called
“TrumpProductions,”
it
is
not
proof
that
it
is
owned
by
Donald
Trump.
Moreover,
Wallet
names
are
chosen
freely
by
users,
and
this
particular
wallet
could
belong
to
anyone.

Nonetheless,
Trump
has
made
headlines
recently
after
he
revealed
that
he
would
accept
crypto
as
donations
for
his
Presidential
campaign.
The
campaign’s
donation
page
read
that
we
are

“Ready
to
embrace
new
technologies
that
will
Make
America
Great
Again”.
Moreover,
Trump
also
declared
himself
as

“crypto’s
candidate”
during
an
event
at
the
Mar-a-Lago.
Some
of
the
assets
accepted
include
Bitcoin
(BTC),
Ethereum
(ETH),
USD
Stablecoin,
Ripple’s
XRP,
Solana
(SOL),
Dogecoin
(DOGE),
and
Shiba
Inu
(SHIB).

Also
Read:
Ripple
XRP
Analysis:
How
High
Will
XRP
Go
By
the
End
Of
2024?

The
presidential
candidate
stated,
‘If
you
can’t,
I’ll
make
sure
you
can.
Can
we
donate
to
the
Trump
campaign
using
crypto?
I
believe
the
answer
is
yes.‘

Additionally,
Trump
added,
‘If
you
like
crypto
in
any
form,
and
it
comes
in
a
lot
of
different
forms,
if
you
are
in
favor
of
crypto,
you
better
vote
for
Trump.‘

Trump
has
been
very
vocal
about
his
support
for
crypto
users
and
investors.
Furthermore,
he
accused
Biden
and
Senator
Elizabeth
Warren
of
building
an

“anti-cryptocurrency
army”.
According
to
Arkham,
Trump
holds
$7.3
million
worth
of
TRUMP,
which
was
given
to
him
by
the
project’s
creators.
The
remaining
$2.7
million
might
be
Ethereum
(ETH)
from
his
NFT
(non-fungible
token)
collection.

Nonetheless,
it
is
yet
to
be
seen
how
much
donations
come
in
the
form
of
crypto.