At 1:30 PM Eastern Time on Monday, U.S. President-elect Donald Trump's cryptocurrency portfolio was valued at $5.43 million. Despite the high cryptocurrency market prices, this figure reflects a significant decline compared to its value in June.
Commander-in-Chief of cryptocurrency
Donald Trump is set to become the first publicly pro-cryptocurrency President of the United States, signaling a significant shift from his previous critical stance. Adding another historic first, Trump will also hold cryptocurrency while in office. Currently, his portfolio amounts to $5.43 million, with a significant portion of its value tied to ethereum (ETH).
As of November 25, according to Arkham Intelligence, Trump's assets include $1.7 million in ether and $1.65 million in wrapped ether (WETH). Additionally, he owns 579,289.81 TRUMP tokens—a political finance meme coin (politifi) airdropped to him—valued at approximately $1 million based on the current exchange rate.
Trump also holds 210,345 billion TROG tokens, currently valued at $403,860. Although his cryptocurrency assets retain significant value, they were worth over $14 million in June. During that time, Trump's TRUMP token alone had a valuation of $9.89 million, according to Bitcoin.com News reporter Kevin Helms.
His holdings in ethereum were also more valuable earlier this year, with ETH trading at $3,813 on June 1, compared to the current price of $3,475 on November 25. During the summer, Trump's portfolio skyrocketed, doubling in less than a week. By June 5, it reached $31.23 million, primarily driven by the TROG tokens, which were then valued at $18.6 million.
One reason Trump may not sell the TRUMP or TROG tokens that were airdropped could be due to legal or tax-related factors. Airdropped tokens have their own complexities, including uncertainties about ownership, reporting obligations, and potential liabilities. Selling these assets could trigger capital gains taxes or require complex disclosures under campaign finance laws.
At that time, Trump was campaigning ahead of the 2024 election victory. His team might also consider selling politically-themed tokens like TRUMP, as such actions could attract scrutiny or criticism. Currently, holding these tokens may serve as a calculated move to navigate these uncertainties while evaluating future compliance strategies.
