TopCryptoNews
--
⭐️ Donald Trump now holds over $11 million in crypto
Despite once denouncing digital assets, the former and future president Donald Trump is becoming increasingly associated with cryptocurrencies.
Part of the reason for this perceived connection stems from the Republican President-Elect’s substantial crypto portfolio, whose value, at press time on January 10, stands at $11.42 million.
The holdings themselves are interesting as there is but a handful of well-known coins and tokens among their numbers. For example, despite the bullish rhetoric about Bitcoin (BTC), Trump doesn’t hold any BTC.
🔸 Donald Trump’s crypto portfolio revealed
Instead of the widely recognizable digital assets, the incoming President holds Ethereum (ETH), wrapped Ethereum (WETH), and his very own MAGA (TRUMP). What is perhaps the strangest fact of the portfolio is that a cryptocurrency called Trog (TROG) – Trump frog – accounts for a whopping 46.5% of the total value of the holdings.
The quaintness of the setup is exacerbated by the fact that TROG – which represents $5.31 million of the $11.42 million portfolio – is, at press time, changing hands at $0.0000261 and has a total market capitalization of $10.9 million.
The four digital assets together account for about $10.1 million of the portfolio, with the remaining dozens of coins and tokens barely crossing over $1 million in value, per the data retrieved on January 10 from Arkham.
🔸 Why Donald Trump owns half of all TROG
Examining the changes Trump’s cryptocurrency holdings experienced over time, however, provides some insights into how the overall strangeness came about.
In fact, the President-Elect appears as avid a crypto market participant as Joe Rogan, who, as Finbold reported on January 9, hardly touched his five Bitcoins in about a decade.
Similarly, Trump appears to have done little trading with his digital assets with the last major change to his, for example, Ethereum balance happening in late 2023.
#Trump #Crypto
Despite once denouncing digital assets, the former and future president Donald Trump is becoming increasingly associated with cryptocurrencies.
Part of the reason for this perceived connection stems from the Republican President-Elect’s substantial crypto portfolio, whose value, at press time on January 10, stands at $11.42 million.
The holdings themselves are interesting as there is but a handful of well-known coins and tokens among their numbers. For example, despite the bullish rhetoric about Bitcoin (BTC), Trump doesn’t hold any BTC.
🔸 Donald Trump’s crypto portfolio revealed
Instead of the widely recognizable digital assets, the incoming President holds Ethereum (ETH), wrapped Ethereum (WETH), and his very own MAGA (TRUMP). What is perhaps the strangest fact of the portfolio is that a cryptocurrency called Trog (TROG) – Trump frog – accounts for a whopping 46.5% of the total value of the holdings.
The quaintness of the setup is exacerbated by the fact that TROG – which represents $5.31 million of the $11.42 million portfolio – is, at press time, changing hands at $0.0000261 and has a total market capitalization of $10.9 million.
The four digital assets together account for about $10.1 million of the portfolio, with the remaining dozens of coins and tokens barely crossing over $1 million in value, per the data retrieved on January 10 from Arkham.
🔸 Why Donald Trump owns half of all TROG
Examining the changes Trump’s cryptocurrency holdings experienced over time, however, provides some insights into how the overall strangeness came about.
In fact, the President-Elect appears as avid a crypto market participant as Joe Rogan, who, as Finbold reported on January 9, hardly touched his five Bitcoins in about a decade.
Similarly, Trump appears to have done little trading with his digital assets with the last major change to his, for example, Ethereum balance happening in late 2023.
#Trump #Crypto
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.