More

    Trump owns over 50% of TROG memecoin amid illiquid $32M crypto holdings

    Donald Trump’s crypto portfolio, as detailed by Arkham Intelligence, has seen a significant increase in value over the past three months, peaking at approximately $32 million due to a surge in memecoins. His holdings are diversified across several tokens, with notable holdings in TROG, TRUMP, ETH, and WETH.

    Trump’s largest holding is in the TROG token, with 210.345 billion tokens valued at approximately $21 million. This represents over half of TROG’s total market cap of $36 million, indicating a substantial concentration of his portfolio in this single asset. The price of TROG is approximately $0.0001. It has risen by over 160% in the last 24 hours after his supporters realized his holding in the token. The TRUMP token, another significant holding, is valued at $7.61 million, with 579.29 thousand tokens priced at $13.13 each.

    Most of Trump’s earnings appear to stem from donations and projects airdropping tokens to his wallet, alongside royalties from his TRUMP NFT collection. Despite the impressive total value of his portfolio, which has jumped to around $30 million, a significant portion of this wealth is illiquid. This is due to the lack of market depth and volume in some of the memecoins he holds, such as TROG, which had a trading volume of only $20 million in the past 24 hours. This illiquidity could pose challenges in realizing the full value of his holdings, meaning these are paper profits only.

    His Ethereum (ETH) holdings amount to 471.79 ETH, valued at $1.80 million, while his Wrapped Ethereum (WETH) holdings are 374.974 WETH, valued at $1.43 million. Other notable assets include MVP, CONAN, BABYTRUMP, and ELON tokens.

    The post Trump owns over 50% of TROG memecoin amid illiquid $32M crypto holdings appeared first on CryptoSlate.

    Related articles

    Cardano and Solana Traders Back RCO Finance for Its AI Features and Predicted 43,000% Surge

    Cardano enthusiasts and Solana traders are increasingly turning their attention towards RCO Finance, a new DeFi platform that promises to redefine investment strategies with its AI-driven capabilities and an anticipated exponential price surge.  The allure...

    Time to Buy Ethereum? Whales Purchase Over $1 Billion in ETH

    The post Time to Buy Ethereum? Whales Purchase Over $1 Billion in ETH appeared first on Coinpedia Fintech News The overall cryptocurrency market has shown strong bullish potential ahead of President-elect and pro-crypto advocate Donald...

    Coinbase Endorses Strategic Bitcoin Reserve

    The post Coinbase Endorses Strategic Bitcoin Reserve appeared first on Coinpedia Fintech News In a latest development, Coinbase, the United States’ largest crypto exchange, is endorsing the creation of a US strategic Bitcoin reserve. Notably,...

    Cardano (ADA) Price Prediction Today

    The post Cardano (ADA) Price Prediction Today appeared first on Coinpedia Fintech News As the time approaches President-elect Donald Trump’s inauguration, the sentiment seems to be shifting completely towards the bullish side. Amid this market...

    California State Assembly Plans to Draft Pro-Bitcoin Legislation and Back Bitcoin Initiatives

    The post California State Assembly Plans to Draft Pro-Bitcoin Legislation and Back Bitcoin Initiatives appeared first on Coinpedia Fintech News As excitement builds in the crypto market with the upcoming inauguration of President Trump on...

    Latest articles

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here