Former President Donald Trump’s cryptocurrency portfolio has seen a substantial increase in value over the past three months, thanks to a surge in memecoins. According to Arkham Intelligence, his holdings are diversified across several tokens, including TROG, TRUMP, ETH, and WETH. His largest holding is in the TROG token, valued at approximately $21 million, with over half of TROG’s total market cap of $36 million. The price of TROG has risen by over 160% in the last 24 hours after his supporters realized his stake in the token. Additionally, his TRUMP token holdings are valued at $7.61 million, with each token priced at $13.13.
The majority of Trump’s earnings seem to come from donations and projects airdropping tokens to his wallet, as well as royalties from his TRUMP NFT collection. Despite the impressive total value of his portfolio, which has reached around $30 million, a significant portion of this wealth is illiquid due to the lack of market depth and volume in some of the memecoins he holds. For example, TROG had a trading volume of only $20 million in the past 24 hours, which could pose challenges in realizing the full value of his holdings. This indicates that his profits may be more on paper than in tangible assets.
In addition to his memecoin holdings, Trump also has significant holdings in Ethereum (ETH) and Wrapped Ethereum (WETH). His ETH holdings amount to 471.79 ETH, valued at $1.80 million, while his WETH holdings are 374.974 WETH, valued at $1.43 million. Other notable assets in his portfolio include MVP, CONAN, BABYTRUMP, and ELON tokens. This diverse range of assets shows that Trump’s crypto portfolio is not solely reliant on memecoins, but also includes more established cryptocurrencies like Ethereum.
Liam ‘Akiba’ Wright, the Senior Editor at CryptoSlate, has detailed Trump’s crypto portfolio and believes that decentralized technology has the potential to bring about positive change on a widespread scale. With Trump’s holdings now valued at approximately $32 million, it is clear that he has made significant gains in the cryptocurrency market. However, the illiquidity of some of his assets could pose challenges in realizing the full value of his holdings. Despite this, Trump’s presence in the crypto market is significant and showcases the growing interest and involvement of high-profile individuals in digital assets.
Overall, Donald Trump’s crypto portfolio has experienced a substantial increase in value over the past few months, largely due to a surge in memecoins. Despite facing challenges related to illiquidity in some of his holdings, his diverse range of assets, including Ethereum and various tokens, demonstrates a balanced approach to cryptocurrency investment. As the crypto market continues to evolve, Trump’s involvement highlights the growing interest and potential for significant gains in the digital asset space. Liam ‘Akiba’ Wright’s analysis of Trump’s portfolio underscores the importance of decentralized technology in bringing about positive change.
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