MEXCWill Donald Trump Be The First Sitting US President to Hold Meme Coins?
Highlights
- Donald Trump's crypto portfolio worth grew to $15M with meme coins hype.
- With 70% of portfolios filled with meme-themed cryptocurrencies, Trump became the first-ever sitting president with meme coin holding.
- In addition, Arkham reports investments in Ethereum, BNB, Matic, and stablecoins, but Bitcoin is missing.
Donald Trump will soon be the 47th US President, with the inauguration event on January 20. Compared to the last presidency, things are totally different this time. Trump’s perspective towards the crypto industry has changed drastically from complete opposition to support, with promises of transforming the USA into the crypto superpower, introducing crypto regulation, and much more. Although this is a pleasant moment for crypto investors, the excitement is higher about Trump’s crypto holding, driving him to become the first sitting US president to hold meme coins. Let’s discuss his holding and portfolio worth.
Donald Trump Crypto Wallet Holdings Worth Exceeds $15M
Per the latest Arkham Intelligence report, Donald Trump’s crypto wallets hold multiple cryptocurrencies whose value exceeds $15M in the crypto market. Out of these, a significant portion is of meme-themed cryptocurrencies. The continuity of these holdings will make him the first sitting president with meme coin holdings.
The elected president also holds top altcoins like Ethereum, BNB, and Matic and stablecoins like USDC and USDT, maintaining a diversified portfolio. At its peak, these holdings were worth $26M but have dropped to $15M amid crypto market struggles with Bitcoin price consolidations.
Interestingly, Trump’s crypto project, WLFI holds millions worth of cryptos after significant buying in 2024, taking a strong stand in the cryptocurrency industry. Notably, Trump’s impact is relatively high in the market, influencing the Trump-themed cryptos and other meme-themed coins held.
Top Memecoins In Trump’s Crypto Portfolio
More than 70% of Trump’s crypto portfolio is filled with top meme coins, including Trump-themed cryptos, which have increased demand in the market. Although none of these Trump meme tokens has a direct connection with the soon-to-be president, his online presence still influences the price of these tokens. As a result, investors eye them and invest actively. Interestingly, Trump’s portfolio also includes Trump-themed meme coins like TRUMP STRUMP, MAGA, TRUMP INU, and many others.
However, the biggest holding is in a frog-themed meme token called TROG. Arkham reports reveal 210.345B TROG holdings, equivalent to $9M. This scenario often influences the TROG price, which is up by 50% today. The second biggest holding is TRUMP, as the portfolio covers 579.29K TRUMP, equivalent to $1.70M. MAGA is also a constituent of the crypto portfolio, where 301.168M MAGA, equivalent to $27.85K, is present.
Surprisingly, despite millions worth of portfolio and Bitcoin backing, Donald Trump’s portfolio still lacks BTC, gaining side eyes from the supporters. Some show curiosity, while some show concern. To this day, Donald has not commented on the situation, leaving followers in doubt, especially as he wishes to use Bitcoin reserves to tackle US debt.
Bottom Line
With over 70% of the portfolio, Donald Trump will become the first ever sitting US President to hold meme coins. In this, a TROG and other Trump-themed coins cover a significant portion of the portfolio. Other than these, a considerable portion is utilized by Ethereum and other altcoins, but Bitcoin is still missing from the soon-to-be President’s crypto portfolio. Despite that, crypto enthusiasts await the inauguration day and much-needed crypto regulations with Trump’s presidency.
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