Trump owns over 50% of TROG memecoin amid illiquid $32M crypto holdings Trump owns over 50% of TROG memecoin amid illiquid $32M crypto holdings
Donald Trump has over $21 million in paper profits in a memecoins with a $42 million market cap.
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Updated: Jul. 10, 2024 at 12:55 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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.
Author 
Liam 'Akiba' Wright
Also known as "Akiba," Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
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