Although previously US President-elect Donald Trump was against cryptocurrencies, he has now changed his mind and his name is increasingly associated with them. One reason may be Trump’s crypto assets, which currently amount to about $11.42 million. His portfolio is interesting in that it includes only a few well-known coins and tokens.
Although previously US President-elect Donald Trump was against cryptocurrencies, he has now changed his mind and his name is increasingly associated with them. One reason may be Trump’s crypto assets, which currently amount to about $11.42 million. His portfolio is interesting in that it includes only a few well-known coins and tokens.
According to Finbold, Donald Trump does not own any Bitcoin, despite the fact that he helped push the cryptocurrency’s price above $100,000.
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Instead of widely known digital assets, the new president holds Ethereum (ETH), wrapped Ethereum (WETH), and his own MAGA (TRUMP). Perhaps the most surprising fact about the portfolio is that a cryptocurrency called Trog (TROG) is Trump’s frog, accounting for a whopping 46,5% of the total asset value. As of January 10, these four digital assets account for about $10.1 million of the portfolio, while the remaining dozens of coins and tokens barely exceed $1 million.
TROG is a new cryptocurrency that combines the popularity of frog-themed memes like PEPE with the persona of Donald Trump. The developers describe TROG as an «innovative fusion of meme culture and financial strategy» that aims to harness both the entertainment value and investment potential of the crypto market.
TROG, which represents $5.31 million of Donald Trump’s $11.42 million portfolio, is currently trading at $0.000051 and has a total market cap of $21.58 million.
Trump appears to trade his digital assets little: the last significant change in his Ethereum balance, for example, occurred in late 2023. At the same time, along with the rest of the cryptocurrency market, Trump’s portfolio has been rising and falling from around $5 million after the election to a high of around $16 million in mid-December.
Although Donald Trump seems relatively uninterested in interacting with the market, cryptocurrency investors enthusiastically welcomed his election victory.
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The total market capitalization of digital assets has soared since November 6th, from a relatively stable level of around $2.2 trillion to a December high of around $3.7 trillion. Even accounting for recent volatility, the total cryptocurrency market capitalization is about $1 trillion higher than it was before the election.
According to Incrypted, users of the betting platform Polymarket have now bet a total of $2.03 million on various words that Donald Trump will say during his inauguration speech on January 20, 2025.
The most likely are:
There are also a few words that relate to crypto business. This is a general mention of the industry or Bitcoin — 21%, DOGE or Dogecoin — 12%.
