Trump's 2024 crypto portfolio growth

Meme currencies dominate former US President Donald Trump's cryptocurrency holdings, which is rising.

According to Arkham, on-chain analytics tool, the portfolio was worth $7.79 million on October 18, up 420% from $1.5 million on January 1, 2024.

His crypto holding assessment indicates that 65% of his investment is meme coins, with MAGA (TRUMP) being the biggest. The token, worth $5.21, has risen over 1,300% in a year, adding $3.02 million to his portfolio.

Ethereum (ETH) is second at $1.3 million. The Republican presidential contender also owns USD Coin (USDC), $137.81, and Polygon (MATIC), $1.96.

Recent investor interest in meme currencies may explain the surge. However, Trump's meme coins are mostly inspired by events involving him, such as the failed assassination attempt and his relationship with Elon Musk.

Trump is one of the most renowned cryptocurrency investors among U.S. politicians.

Trump affects crypto market

Before the November election, Trump pledged to make the U.S. a leader in digital asset innovation, notably Bitcoin (BTC). The former president also opposes central bank digital currencies (CBDCs), which he feels undermine financial independence.

Despite investing in digital assets, Trump has launched his cryptocurrency businesses, including World Liberty Financial (WLF).

Trump claims the initiative will transform finance. The token launch has been controversial since Trump and his family may get 75% of the net earnings.

The cryptocurrency also raised less than $12 million, missing its $300 million sales goal.

With this crypto sector investing backdrop, researchers believe Trump's likely election will affect most asset prices. Chartered says Bitcoin may reach $150,000 if he reclaims the White House.


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