The latest data from market intelligence firm Arkham Intel shows that President-elect Donald Trump's cryptocurrency portfolio has seen significant growth, while also noting a strong upward trend in cryptocurrency prices following his election win on November 5.
Although Bitcoin (BTC) is at the core of Trump's presidential campaign, one significant asset he holds is Ethereum (ETH), of which he owns nearly 496 coins. This altcoin has been the standout performer in his investments, rising 38% over the past 30 days.
Trump's cryptocurrency assets are performing brilliantly
Cryptocurrency analyst Michael van de Poppe pointed out that a bullish divergence has appeared on Ethereum's daily chart, indicating that the current market dynamics are primed for further growth.
Analysts pointed out that a key driver of ETH's recent performance is the significant decline in government bond yields. As these yields drop, van de Poppe believes that investors' interest in higher-risk assets like Ethereum tends to increase, thereby driving up prices.
Van de Poppe further noted that ongoing volatility in the yield market could have a significant impact on Ethereum's trajectory. With Labor Market Week approaching, he speculates that if economic indicators are weak, the Federal Reserve may cut interest rates further. Such moves could lead to declining yields, further boosting Ethereum's price.
Another analyst, Jesse Olson, also expressed a similarly optimistic view, noting that Ethereum's dominance relative to Bitcoin is showing signs of bullish divergence. His analysis indicates that positive momentum could soon create significant buying opportunities for ETH.
Due to these developments, Trump's cryptocurrency holdings surged by nearly $1.6 million in the past 24 hours, reflecting positive sentiment in the market towards Ethereum and other tokens in his portfolio.
Significant investment from the TRON founder
In related developments, cryptocurrency entrepreneur Justin Sun has become a major investor in Trump's World Liberty Financial, investing $30 million in decentralized finance (DeFi) projects.
TRON cryptocurrency founder Justin Sun expressed support for Trump's vision of turning the United States into a blockchain hub. He noted, "TRON is committed to making America great again and leading innovation," highlighting the project's ambition to democratize financial services by eliminating intermediaries.
World Liberty Financial was established shortly after Trump faced a second assassination attempt, aiming to raise $300 million at a valuation of $1.5 billion.
However, the project recently revealed that its WLF token issuance is primarily sold overseas, with only $30 million reserved for American investors. Once this threshold is reached, the U.S. issuance will end, although a large number of tokens will still be available for sale.
According to reports, Trump is also negotiating a deal to acquire the digital asset market Bakkt Holdings Inc. through his controlled Trump Media Technology Group.
