The Surge in Donald Trump's Crypto Portfolio
Fans of former US president Donald Trump have been sending meme tokens and donations to his cryptocurrency wallet en masse since his recent felony conviction.
According to Arkham Intelligence, Trump's cryptocurrency portfolio has significantly increased in value over the past three months, peaking at over $31 million due to a surge in memecoins. His holdings are diversified across multiple tokens, including TROG, TRUMP, ETH, and WETH.
Trump's largest holding is TROG tokens, with 210.345 billion tokens valued at approximately $19 million. This represents over half of TROG's total market capitalization of $36 million, indicating a significant concentration of his portfolio in this asset.
The price of TROG has risen to around $0.0001, up more than 160% in the last 24 hours after Trump supporters discovered this memecoin in his portfolio.
The TRUMP memecoin in Trump's wallet is currently worth $7.53 million, with 579.29 thousand tokens priced at $12.8 per token at the time of writing.
Most of Trump's income from this portfolio comes from donations and projects that airdrop tokens to his wallet, along with royalties from the TRUMP NFT collection.
Despite the impressive total value of his portfolio, a significant portion of these assets are illiquid. Many memecoins, such as TROG, lack market depth and volume, which can pose challenges in realizing their full value. TROG, for instance, had a trading volume of just $19 million in the past 24 hours, making it difficult to cash out these "paper profits."
Trump's ETH holdings amount to 471.79 tokens, worth $1.79 million, while Wrapped Ethereum (WETH) holdings are 374,974 WETH, worth $1.42 million. Other notable assets in his portfolio include MVP, CONAN, BABYTRUMP, and ELON tokens.
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