Ethereum

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 big improve in worth over the previous three months, peaking at roughly $32 million resulting from a surge in memecoins. His holdings are diversified throughout a number of tokens, with notable holdings in TROG, TRUMP, ETH, and WETH.

Trump’s largest holding is within the TROG token, with 210.345 billion tokens valued at roughly $21 million. This represents over half of TROG’s complete market cap of $36 million, indicating a considerable focus of his portfolio on this single asset. The worth of TROG is roughly $0.0001. It has risen by over 160% within the final 24 hours after his supporters realized his holding within the token. The TRUMP token, one other important holding, is valued at $7.61 million, with 579.29 thousand tokens priced at $13.13 every.

Most of Trump’s earnings seem to stem from donations and initiatives airdropping tokens to his pockets, alongside royalties from his TRUMP NFT assortment. Regardless of the spectacular complete worth of his portfolio, which has jumped to round $30 million, a good portion of this wealth is illiquid. That is because of the lack of market depth and quantity in some of the memecoins he holds, reminiscent of TROG, which had a buying and selling quantity of solely $20 million up to now 24 hours. This illiquidity might pose challenges in realizing the total worth of his holdings, that means these are paper income solely.

His Ethereum (ETH) holdings quantity to 471.79 ETH, valued at $1.80 million, whereas his Wrapped Ethereum (WETH) holdings are 374.974 WETH, valued at $1.43 million. Different notable belongings embrace MVP, CONAN, BABYTRUMP, and ELON tokens.

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