Donald Trump’s Crypto Holdings Surpass $32Million in surprise investment move
Former President Donald Trump holds more than $32 million in crypto, having gone from a crypto critic to a strong advocate of digital assets. Trump’s change in behavior is largely due to Vivek Ramaswamy’s advice to the former president. The shift is reflected in Trump’s growing crypto holdings.
Donald Trump’s crypto boom
According to data compiled by Arkham Intelligence, the value of Trump’s crypto portfolio has skyrocketed over the past three months. Mainly due to the unprecedented rise in meme coins, the fund reached a peak of $32 million. In addition to meme coins, however, Trump diversified his holdings into a number of tokens, including TRUMP, TROG, ETH, and WETH. The former president’s largest asset is TROG tokens, of which Trump owns 210.345 billion tokens, worth about $21 million. This figure is more than half of the total market value of TROG tokens of $36 million and shows Trump’s bank account has incorporated a large portion of this property.
TROG is trading at $0.0001, up 160% since Trump supporters discovered its hold on the asset.
Looking closely at the portfolio
Trump began his foray into the crypto space in 2022 with the release of the Trump-Digital Trading Cards NFT Collection. The collection was a huge success, with more than 45,000 NFTs sold for $99 each. Trump then released the “Mugshot Edition” NFT collection, further increasing his crypto holdings. Trump could collect more than 1,900 ETH from the NFT transactions. But in December 2023, he released 1075 ETH for $2.4 million, holding more than 800 ETH, worth about $3.1 million at current prices.
Another staple in the Trump cryptocurrency portfolio is the MAGA Coin (TRUMP). Trog, MAGA Coin has over $27 million. MAGA Coin was the first crypto project to transfer tokens to the Trump portfolio, with the project team transferring 580,000 tokens to the former president. These tokens were initially worth only a few thousand dollars. However, their price increased to more than $17 per MAGA token. Although these tokens are now worth less, Trump still has MAGA worth about $8 million.
An Impressive yet Liquid Portfolio
Most of Trump’s portfolio assets come from donors and projects that put their tokens in his wallet. In addition, Trump also gets royalties for collecting NFTs. However, despite the portfolio’s impressive value, a large portion of this money is not solvent because some of Trump’s meme funds need more volume and market depth.
One example is TROG, whose trading volume only reached $20 million in the past 24 hours. Inflation presents tremendous challenges for Trump when it comes to determining the value of all of his holdings. This means that profits are mainly paper profits.
At the moment, Trump’s holdings of Ethereum (ETH) are 471.79 ETH, worth approximately $1.80 million, and his Veth holdings are 374.974 Veth, worth $1.43 million. Other assets in the portfolio include MVP, CONAN, and ELON.
Conclusion: Donald Trump’s $32 million investment in cryptocurrencies marks a dramatic shift in his stance on digital assets and underscores the growing acceptance of cryptocurrencies in mainstream finance.
