There have been intriguing advancements in the cryptocurrency wallet of Donald Trump, the former President of the United States and a contender in the current presidential race. Donald Trump is recognized for owning his unique NFT collection, with the revenue generated from it being directed to his Ethereum-based wallet. At the time of drafting this article, Trump's crypto wallet held approximately $1.79 million worth of ETH. Besides Ethereum, which constitutes a significant portion of his estimated $25 million portfolio, all other assets in Trump's possession are tokens distributed by altcoin developers without his consent. Initially, the major asset in Trump's crypto wallet was the TRUMP token, which surged in value alongside the increasing popularity of politically themed altcoins. However, a different altcoin has recently shown a rise in Trump's holdings, contributing to a notable increase in his overall assets. Notably, the value of Trump's memecoin assets nearly doubled in recent days, surpassing $20 million in value.
The specific altcoin of interest is TROG, with Trump currently possessing tokens worth $12.61 million from this altcoin. Nearly half of the total TROG supply was airdropped to Trump during the token's initial distribution by developers. Nevertheless, it appears improbable that Trump would engage in the sale of these TROG altcoins, as he may have limited awareness of this particular altcoin and is unlikely to dispose of tokens that represent half of the total supply at market price.
*Disclaimer: This article does not provide investment advice.
Comments