Inside Former US President Trump’s $32 Million Crypto Portfolio

Former
President
Donald
Trump
has
dramatically
shifted
his
stance
on
crypto.
Once
a
vocal
critic,
calling
them
a
“disaster
waiting
to
happen”
in
2021,
Trump
has
become
a
proponent
of
crypto
by
2024.

This
remarkable
change
in
perspective
is
largely
attributed
to
Vivek
Ramaswamy’s
advice,
which
highlighted
Trump’s
growing
crypto
holdings,
now
exceeding
$32
million.

Inside
Donald
Trump’s
$32
Million
Crypto
Portfolio

Trump’s
journey
into
the
crypto
market
began
in
2022
with
the
release
of
the
Trump
Digital
Trading
Cards
NFT
collection.
The
collection,
marketed
by
another
company,
sold
45,000
NFTs
at
$99
each.

The
subsequent
“Mugshot
Edition”
NFTs
further
boosted
his
holdings,
allowing
Trump
to
accumulate
over
1,900
ETH
from
these
projects.
In
December
2023,
he
liquidated
1,075
ETH
for
$2.4
million,
retaining
over
800
ETH
currently
valued
at
over
$3.1
million.

Most
of
Trump’s
$32
million
crypto
portfolio
depends
on
two
meme
coins,
MAGA
Coin
(TRUMP)
and
Trog
(TROG),
collectively
contributing
over
$27
million.
These
tokens
were
a
gift
to
Trump,
significantly
enhancing
their
market
presence.

MAGA
Coin
was
the
first
successful
project
to
send
tokens
to
Trump’s
portfolio.
In
August
2023,
the
project’s
founders
transferred
580,000
tokens
to
him.
Initially
worth
only
a
few
thousand
dollars,
the
value
of
MAGA
Coin
skyrocketed,
reaching
highs
of
over
$17.50.
Although
the
price
has
since
declined,
Trump’s
position
remains
substantial
at
nearly
$8
million.

Trump’s
largest
crypto
holding
is
in
Trog,
or
Trump
Frog,
a
meme
coin
that
launched
on
June
1,
2024.
Half
of
the
token’s
supply
was
gifted
to
Trump,
causing
its
value
to
soar.
His
210
billion
Trog
tokens
are
now
worth
an
impressive
$20.46
million.

Despite
its
substantial
value,
Trog
remains
a
relatively
small
project,
ranking
outside
the
top
2,500
tokens
by
market
cap.
This
presents
liquidity
challenges,
making
it
difficult
for
Trump
to
sell
his
holdings
without
impacting
the
market.

Read
more: 7
Hot
Meme
Coins
and
Altcoins
that
are
Trending
in
2024

The
strategy
of
sending
tokens
to
Trump
has
proven
highly
effective
for
these
projects.
By
placing
their
tokens
in
Trump’s
portfolio,
creators
gain
visibility.
This
marketing
tactic
has
significantly
benefited
both
MAGA
Coin
and
Trog,
cementing
Trump’s
influential
role
in
the
crypto
market.