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Inside Former US President Trump’s $32 Million Crypto Portfolio
Former President Donald Trump drastically changed his stance on cryptography. Once a vocal critic, calling them a “disaster waiting to happen” in 2021, Trump has become an advocate for crypto through 2024.
This notable shift in perspective is largely attributed to the advice of Vivek Ramaswamy, who highlighted Trump’s growing crypto holdings, now exceeding $32 million.
Inside Donald Trump’s $32 Million Crypto Portfolio
Trump’s journey into the crypto market began in 2021 with the launch of Trump NFT Digital Trading Cards collection. The collection, marketed by another company, sold 45,000 NFTs at US$99 each.
The subsequent NFTs “Muggshot Edition” increased his holdings further, allowing Trump to accumulate over 1,900 ETH from these projects. In December 2023, he liquidated 1,075 ETH for $2.4 million, retaining over 800 ETH currently valued at over $3.1 million.
Donald Trump’s historic profits and losses. Source: Arkham Intelligence
The majority of Trump’s $32 million crypto portfolio relies on two meme coins, MAGA Coin (TRUMP) and Trog (TROG), collectively contributing more than $27 million. These tokens were a gift to Trump, significantly increasing his presence in the market.
MAGA Coin was the first successful project to send tokens to Trump’s portfolio. In August 2023, the project’s founders transferred 580 thousand tokens to it. Initially worth just a few thousand dollars, the value of MAGA coin skyrocketed, reaching highs of over $17.50. Although the price has since declined, Trump’s position remains substantial at nearly $8 million.
Trump’s largest crypto holding is in Trog, or Trump Frog, a meme coin launched on June 1, 2024. Half of the token’s supply was donated to Trump, causing its value to skyrocket. Its 210 billion Trog tokens are now worth a staggering $20.46 million.
Despite its substantial value, Trog remains a relatively small project, falling outside the top 2,500 tokens by market cap. This presents liquidity challenges, making it difficult for Trump to sell his holdings without impacting the market.
See more information: 7 Hot Meme Coins and Altcoins That Are Trending in 2024
The strategy of sending tokens to Trump has proven to be highly effective for these projects. By placing their tokens in Trump’s portfolio, creators gain visibility. This marketing tactic significantly benefited both MAGA Coin and Trog, cementing Trump’s influential role in the crypto market.
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