SHOCKING $32 Million Crypto Portfolio of Donald Trump 😱
Former US President Donald Trump has shifted his stance on cryptocurrency, largely influenced by Vivek Ramaswamy. Trump's crypto holdings now exceed $32 million, reflecting a notable change in perspective.
Trump's crypto journey began in 2022 with the Trump Digital Trading Cards NFT collection, selling 45,000 NFTs at $99 each, followed by the 'Mudshot Edition' NFTs. He accumulated over 1,900 ETH and cashed out 1,075 ETH for $2.4 million in December 2023 but still holds over 800 ETH, valued at over $3.1 million.
### A Portfolio of Meme Coins
A significant portion of Trump's $32 million portfolio is in two meme coins: MAGA Coin (TRUMP) and Trog (TROG), totaling over $27 million. His holdings also include tokens like ETH and WETH.
### MAGA Coin’s Rise
In August 2023, Trump received 580,000 MAGA Coin tokens, which soared in value to over $17.5 million before declining to nearly $8 million.
### Trog Dominates
Trump holds 210.345 billion Trog tokens, valued at $21 million—more than half of TROG’s total market cap of $36 million. The token's value surged by over 160% after Trump’s investment was revealed.
### Strategic Moves and Liquidity Issues
The airdrop of TROG to Trump’s wallet appears strategic, enhancing his public profile and increasing project visibility. However, much of Trump’s crypto wealth is illiquid due to limited market depth and volume in meme coins, making it challenging to sell without impacting prices.
### Changing Perspective
In 2021, Trump supported strict crypto regulation, but his recent actions show a supportive attitude, emphasizing the need for US leadership in this field.
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