Former US President Donald Trump Now Holds Over $32 Million in Crypto

Former President Donald Trump has dramatically shifted his stance on crypto. Once a vocal critic, calling them a “disaster waiting to happen” in 2021, Trump has become a proponent of crypto by 2024.

This remarkable change in perspective is largely attributed to Vivek Ramaswamy’s advice, which highlighted Trump’s growing crypto holdings, now exceeding $32 million.

Inside Donald Trump’s $32 Million Crypto Portfolio

Trump’s journey into the crypto market began in 2022 with the release of the Trump Digital Trading Cards NFT collection. The collection, marketed by another company, sold 45,000 NFTs at $99 each.

The subsequent “Mugshot Edition” NFTs further boosted his holdings, allowing Trump to accumulate over 1,900 ETH from these projects. In December 2023, he liquidated 1,075 ETH for $2.4 million, retaining over 800 ETH currently valued at over $3.1 million.

Donald Trump's Historical Crypto Profit and Loss
Donald Trump’s Historical Profit and Loss. Source: Arkham Intelligence

Most of Trump’s $32 million crypto portfolio depends on two meme coins, MAGA Coin (TRUMP) and Trog (TROG), collectively contributing over $27 million. These tokens were a gift to Trump, significantly enhancing their market presence.

MAGA Coin was the first successful project to send tokens to Trump’s portfolio. In August 2023, the project’s founders transferred 580,000 tokens to him. Initially worth only a few thousand dollars, the value of MAGA Coin skyrocketed, reaching highs of over $17.50. Although the price has since declined, Trump’s position remains substantial at nearly $8 million.

Trump’s largest crypto holding is in Trog, or Trump Frog, a meme coin that launched on June 1, 2024. Half of the token’s supply was gifted to Trump, causing its value to soar. His 210 billion Trog tokens are now worth an impressive $20.46 million.

Despite its substantial value, Trog remains a relatively small project, ranking outside the top 2,500 tokens by market cap. This presents liquidity challenges, making it difficult for Trump to sell his holdings without impacting the market.

Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024

Donald Trump's Crypto Portfolio
Donald Trump’s Crypto Portfolio. Source: Arkham Intelligence

The strategy of sending tokens to Trump has proven highly effective for these projects. By placing their tokens in Trump’s portfolio, creators gain visibility. This marketing tactic has significantly benefited both MAGA Coin and Trog, cementing Trump’s influential role in the crypto market.

The post Former US President Donald Trump Now Holds Over $32 Million in Crypto appeared first on BeInCrypto.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Latest posts

post-thumbnail
VeChain and UCO Network Forge Alliance: Unveiling Sustainable Innovations
Innovative blockchain alliance promotes environmental sustainability. VeChain and UCO Network revolu...
READ MORE
post-thumbnail
Central Banks of Bhutan, Venezuela, and Iran Acquiring Bitcoin, Claims Industry Voices
Industry voices claim that Bhutan, Venezuela, and Iran’s central banks are acquiring Bitcoin. Larg...
READ MORE
post-thumbnail
New Crypto Rollblock (RBLK) Showing Potential For 800% Breakout Rally As BCH and AVAX Investors Load Up
The post New Crypto Rollblock (RBLK) Showing Potential For 800% Breakout Rally As BCH and AVAX Inves...
READ MORE
post-thumbnail
From Rags to Riches: List of Altcoins to Hold for Millionaire Status by 2025
The post From Rags to Riches: List of Altcoins to Hold for Millionaire Status by 2025 appeared first...
READ MORE
default post thumbnail
Bitcoin Is Exponential Gold And An Aspiring Player On The Store Of Value Team: Jurrien Timmer
The post Bitcoin Is Exponential Gold And An Aspiring Player On The Store Of Value Team: Jurrien Timm...
READ MORE
default post thumbnail
Ethereum Exchange Balances Hit 8-Year Low Ahead of Spot ETF Launch
The post Ethereum Exchange Balances Hit 8-Year Low Ahead of Spot ETF Launch appeared first on Coinpe...
READ MORE
post-thumbnail
Bitcoin (BTC) Price Might Crash To $60K This Week: Here’s Why
The post Bitcoin (BTC) Price Might Crash To $60K This Week: Here’s Why appeared first on Coinpedia...
READ MORE
default post thumbnail
BAYC and Pudgy Penguins See Major Price Drops While Milady Shines
The post BAYC and Pudgy Penguins See Major Price Drops While Milady Shines appeared first on Coinped...
READ MORE
post-thumbnail
Bitcoin Price Prediction: How Low Might BTC Price Drop This Crypto Market Crash 
The post Bitcoin Price Prediction: How Low Might BTC Price Drop This Crypto Market Crash  appeared ...
READ MORE
post-thumbnail
With $60K & $70K as Major Support & Resistance, Bitcoin Price Stands Around $65K: Here is What’s Next!
The post With $60K & $70K as Major Support & Resistance, Bitcoin Price Stands Around $65K: H...
READ MORE
Read more posts