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Following the recent movements in the Cryptocurrency spot market, investors’ portfolios are experiencing notable changes. Among them, the crypto portfolio of the president of the United States, Donald Trump, stands out, which is once again above $10.4 million dollars.
According to data from Arkham Intelligence, their holdings in the TROG memecoin are the best performers. The latter is due to the explosive performance of the currency in recent days. Although within 7 days the token shows red numbers of -38.95%, in a month the matter is radically different.
As reflected on CoinMarketCap, over the last 30 days, the coin has a return of +1,141%. This is a monumental performance, considering the weight of this Friday’s settlements. In any case, this token is equivalent to $5 million dollars in the Republican magnate’s digital wallets.
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The remaining almost 50% is divided into 8 other cryptocurrencies, among which ETH, WETH and MAGA stand out due to their weight. In ETH, for example, he has $1.7 million, an amount almost equal to his holdings in WETH, which is a hidden token of the former.
Donald Trump’s cryptocurrency portfolio is equivalent to more than $10 million. Source: Arkham Intelligence
Bitcoin remains absent from Trump’s crypto portfolio
One of the facts that causes the most noise is that Trump’s crypto portfolio does not include Bitcoin. This is a notable cause for debate in the crypto community and a disappointment for the so-called maximalists of the largest cryptocurrency. They would prefer not only that Trump own BTC, but that he get rid of the rest of his tokens.
However, the fact that the tycoon has a varied portfolio in cryptocurrencies is positive for the industry. This means that the president does not have a particular preference that could harm the rest of the ecosystem. As is well known, the so-called maximalists are extreme in their exclusivism and many of them even supported Gary Gensler’s position against the rest of the tokens.
Either way, that seems like it won’t be the case in the United States during this new crypto era. Since his turn of support towards the cryptocurrency sector, Trump showed that he does not rule out investing in any project and his initiatives range from stablecoins to decentralized finance tokens, NFTs and memecoins.
In fact, the aforementioned Arkham data shows that the majority of Trump’s crypto portfolio is made up of memecoins. These, especially TROG, are the main source of movement of your capital expressed in dollars. A few days ago its reserves in that token were just over $10 million.
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