Will Donald Trump Be The First Sitting US President to Hold Meme Coins?

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In a few days, Donald Trump will assume office as the 47th President of the United States, during his inauguration on January 20. Contrary to the previous administration, this presidency is set to be markedly distinct in its approach towards the cryptocurrency industry. While initially displaying strong opposition, Trump’s stance has evolved significantly, expressing support for the crypto sector and even pledging to turn the USA into a leading force in cryptocurrencies. This includes the introduction of regulatory frameworks and numerous other initiatives.

While this development is welcomed by crypto investors, there is heightened anticipation regarding Trump’s personal investments in cryptocurrencies, which could make him the first sitting U.S. president to own meme coins. Let us delve into his holdings and their estimated value.

Donald Trump Crypto Wallet Holdings Worth Exceeds $15M

According to the most recent report by Arkham Intelligence, it’s been found that Donald Trump’s digital wallets contain various cryptocurrencies worth over $15 million in the current crypto market. A large chunk of these assets are associated with meme-inspired cryptocurrencies. If he maintains these holdings, Trump would be the first president ever to own meme coins while still in office.

The president who was chosen for office additionally owns significant quantities of popular altcoins such as Ethereum, BNB, Matic, along with stablecoins like USDC and USDT. This collection maintains a varied investment profile. At its maximum value, these assets were worth approximately $26 million; however, they have decreased to $15 million due to the turbulence in the crypto market, particularly as Bitcoin‘s price has stabilized.

It’s noteworthy that Trump’s digital currency project, WLFI, has accumulated millions of dollars’ worth of cryptocurrencies following substantial purchases in 2024, making a powerful statement in the crypto industry. Moreover, Trump’s influence on the market is quite substantial, as it extends to Trump-themed cryptos and other meme-based coins.

Top Memecoins In Trump’s Crypto Portfolio

A significant portion, over 70%, of Trump’s cryptocurrency holdings is made up of popular meme coins, some even themed around Trump himself. These tokens have seen a surge in popularity due to the market demand, although they are not directly linked to the upcoming president. However, his online influence seems to impact their prices, attracting investors who are keen on investing actively in these tokens. Intriguingly, Trump’s portfolio contains various meme coins such as TRUMP STRUMP, MAGA, TRUMP INU, among others.

As an analyst, I’ve uncovered that our biggest investment lies in a meme token themed around frogs, known as TROG. According to our reports, we hold approximately 210.345 billion TROG tokens, which translates to a value of $9 million. This significant investment often plays a pivotal role in influencing the price of TROG, as it has surged by an impressive 50% today.

Moving on, TRUMP is our second largest holding, with a portfolio coverage of approximately 579,290 TRUMP tokens, equating to $1.7 million. Lastly, MAGA, another crypto asset, is part of our portfolio, with 301,168,000 MAGA tokens, or around $27,850, in our possession.

Despite boasting a substantial investment portfolio and being associated with Bitcoin, Donald Trump’s holdings do not include any Bitcoin. This fact has sparked curiosity and concern among his supporters, with some expressing their surprise while others voice their worry. To date, Trump has remained silent on the matter, leaving his followers speculating, particularly as he has expressed an interest in utilizing Bitcoin reserves to address U.S. debt.

Bottom Line

As a crypto investor, a substantial 70% of my portfolio is dedicated to meme coins, particularly TROG and other Trump-themed digital assets. A sizable chunk also goes towards Ethereum and various altcoins, but I’m yet to add Bitcoin to the mix in my soon-to-be Presidential crypto holdings. The anticipation among crypto enthusiasts is palpable as we eagerly await inauguration day and the potential crypto regulations under Trump’s presidency.

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2025-01-11 16:44