Following recent moves in the cryptocurrency spot market, investors' portfolios are experiencing notable changes. Among them, the crypto portfolio of the President of the United States, Donald Trump, stands out, which is once again above $10.4 million dollars.
According to data from Arkham Intelligence, their holdings in the TROG memecoin are the best performing. The latter is due to the explosive performance of the coin in recent days. Although in the period of 7 days the token shows red numbers of -38.95%, in a month the matter is radically different.
As reflected on CoinMarketCap, over the last 30 days, the coin has a performance of +1,141%. This is a monumental performance, considering the weight of this Friday's liquidations. In any case, this token is equivalent to $5 million dollars in the Republican tycoon's digital wallets.
The remaining almost 50% is divided into 8 other cryptocurrencies, among which ETH, WETH and MAGA stand out due to their weight. In ETH, for example, it has $1.7 million, an amount almost equal to its holdings in WETH, which is a hidden token of the former.
Bitcoin remains absent from Trump's crypto portfolio
One of the most talked-about facts is that Trump's crypto portfolio does not include Bitcoin. This is a notable cause of debate in the crypto community and a disappointment for the so-called maximalists of the largest cryptocurrency. They would prefer that Trump not only own BTC, but also get rid of the rest of his tokens.
However, the fact that the tycoon has a diverse portfolio in cryptocurrencies is positive for the industry. This means that the president does not have a particular preference that could harm the rest of the ecosystem. As is well known, the so-called maximalists are extreme in their exclusivity and many of them even supported Gary Gensler's stance against the rest of the tokens.
Either way, that doesn't seem to be the case in the United States during this new crypto era. Since his pivot to support the cryptocurrency sector, Trump has shown that he doesn't rule out investing in any project, and his initiatives range from stablecoins to decentralized finance tokens, NFTs, and memecoins.
In fact, the aforementioned Arkham data shows that the majority of Trump's crypto portfolio is made up of memecoins. These, especially TROG, are the main source of movement of his capital expressed in dollars. A few days ago his reserves in that token were just over $10 million.