Donald Trump Makes Unexpected Crypto Fortune With Meme Coins
The cryptocurrency market has witnessed the arrival of several prominent figures. From outrightly bashing the market to diving right into it, Donald Trump has surprised many in the community. The former U.S. President now holds an eight-figure sum in various meme coins. Unlike traditional investments or trading, these holdings have accrued through daily airdrops from developers of different meme coin projects. Developers of several meme coins have been sending tokens to Trump’s public Ethereum address. They have been leveraging his fame and the media attention it generates. This tactic has significantly boosted Trump’s digital portfolio, pushing it past the $10 million mark. One of these instances is when a trader achieved a phenomenal return of 20,000,000% on TRUMP tokens. The journey began when the address 0x5Fc spent just $25 to buy 376,000 TRUMP tokens about ten months ago. Most of these meme coins were transferred to 0xc31, who held onto them without selling them. Today, this holding is valued at over $5 million, highlighting the extreme volatility of potential gains in the market.
The GCR-linked address, 0x321, not only holds $14.8 million in TRUMP but also has a substantial position in BOBBY, a meme coin associated with Robert F. Kennedy Jr. This address received an airdrop of 526 million BOBBY tokens due to its previous RFKJ holdings, now valued at about $180,000.