Trump owns over 50% of TROG memecoin amid illiquid $32M crypto holdings

Share This Post

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.

The post Trump owns over 50% of TROG memecoin amid illiquid $32M crypto holdings appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Mark Your Calendars for October 9th: The Official Solidus Ai Tech AI Marketplace Launch

PRESS RELEASE The future of AI is about to take a major leap forward with the launch of the AI Marketplace on October 9th This game-changing platform, powered by SambaNova Systems, is set to

Bitcoin’s spike in long positions may signal imminent price correction

Recent analysis from datascope via CryptoQuant highlights how extreme fluctuations in the Long/Short Volume to Open Interest Ratio often precede significant market reversals, stressing the importance

Humor Or Sarcasm? Dogecoin Leaps 20%, Co-Creator Says He Doesn’t Know Why

Making headlines in the crypto scene last week, Dogecoin (DOGE) jumped an astounding 20% in a few days Renowned for its meme beginnings and devoted following, the coin moved from $010745 to a peak of

Trump’s Latest Insights On Crypto: Key Updates On His DeFi Project And More

Former president and Republican candidate Donald Trump’s decentralized finance (DeFi) and crypto initiative, World Liberty Financial, has officially begun signing up users, although details of

Nordom Gates Introduces High-Stakes Gameplay: The Most Rewarding Telegram Game Experience

PRESS RELEASE New York, USA, October 1st, 2024 – Nordom prepares to launch an innovative game that raises the bar both in terms of quality and stakes Nordom Gates, which is the name of this

Bitcoin Hashrate Continues To Be At Lows: Miners Not Confident About Rally?

On-chain data shows the Bitcoin Mining Hashrate has remained at its recent lows, indicating that miners may not be confident about the coin’s rally Bitcoin Mining Hashrate Has Moved Sideways