Crypto: Trump's fortune soars to over $33 million thanks to memecoins

Former U.S. President Donald Trump sees his crypto portfolio soar spectacularly, surpassing $33 million thanks to a surprise airdrop of the popular meme token TROG.

Trump’s portfolio sees a huge boost thanks to TROG

According to data from the Arkham analysis platform, Trump’s crypto portfolio has literally doubled in value to exceed $33 million after receiving half of the total supply of the memecoin TROG. 

This now represents the main crypto asset of the former president with over 210 billion TROG coins valued at nearly $20 million.

The MAGA Coin remains, however, his second most important crypto asset, approaching $8 million. His highly publicized NFT collection has also earned him $3.2 million in Ether (ETH) and Wrapped ETH (WETH).

Trump’s increasingly marked support for the crypto ecosystem!

This sudden influx of digital wealth is just the latest addition to the growing ties between Donald Trump and the crypto world. A few weeks earlier, his campaign had confirmed its intention to accept Bitcoin donations, Ethereum, and other cryptos through Coinbase, thus displaying his support for the industry.

His portfolio had already swelled recently following a wave of donations from supporters during his recent judicial conviction, seen as a way to express their support.  

Moreover, Trump had organized an event dedicated to his NFT collection “Trump Cards” at his Mar-a-Lago complex, demonstrating his growing interest in this asset class.

With a now substantial crypto portfolio and displayed support, Donald Trump seems well on his way to becoming a key player in the crypto ecosystem if he wins the presidency in 2024, thereby influencing future regulatory directions.