Categories: Lifestyle

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.

Terron Gold

Recent Posts

Cypherpunk Launches World’s Largest Zcash Mining Fleet in $33 Million Winklevoss Deal

Cypherpunk Technologies is expanding its massive bet on Zcash by launching what it calls the…

5 days ago

MapleStory Universe Launches AI Game Jam With $15,000 in NXPC Prizes

MapleStory Universe is putting artificial intelligence in the hands of game creators with the launch…

6 days ago

Kalshi Pushes Beyond Prediction Markets With Copper Perpetual Future Filing With CFTC

Kalshi is making another major move beyond prediction markets, filing with the Commodity Futures Trading…

6 days ago

Coinbase Brings 50x Crypto Perpetual Trading to Base App Through Hyperliquid

Coinbase is bringing high-leverage decentralized derivatives directly into its Base App through an integration with…

6 days ago

Hong Kong Puts First Regulated Stablecoin to Work in Insurance and $49 Billion UAE Trade Market

Hong Kong's first regulated Hong Kong dollar stablecoin is moving beyond testing and into real-world…

6 days ago

Fake Trezor, Ledger and Exodus Apps Target Crypto Users in Massive Seed Phrase Scam

Cybersecurity researchers at Rapid7 have uncovered a sophisticated crypto fraud operation that used nearly 885,000…

7 days ago