Trump's Crypto Fortune Soars to $33 Million

Former President Donald Trump's crypto portfolio has recently surged to over $33 million, largely due to a significant airdrop of the new memecoin TROG. Crypto intelligence platform Arkham reported that Trump’s portfolio value doubled after receiving half the supply of TROG, a frog-themed meme coin. Developers describe it as a blend of financial strategy and humor.

Arkham's data indicates Trump holds 210.345 billion TROG, valued at $19.9 million, making it his largest asset. He also possesses 579.29K Maga (TRUMP) tokens worth $7.75 million, followed by Ether (ETH) at $1.79 million and Wrapped ETH (WETH) at $1.42 million. His portfolio also includes USD Coin (USDC), MAGA Hat (MAGA), Conan (CONAN), and MAGA VP (MVP).

Trump’s biggest holdings are airdropped meme coins, while his ETH and WETH come from NFT sales.

Launched on June 2, TROG was inspired by viral 2017 photos of Trump altered to look like a frog. Trump is the largest TROG holder, with the second-largest holding 7.23 billion TROG, 1.62% of the total, worth $450,000. The top 10 holders control 66.72% of TROG’s supply, raising concerns about concentration.

Before May 27, Trump's largest holding was the MAGA (TRUMP) token. After his felony conviction, his wallet received many donations, interpreted as protest or support. Trump supports cryptocurrency. His campaign accepts Bitcoin (BTC) and ETH donations via Coinbase Commerce, promising to back crypto if elected. At a recent NFT event at Mar-a-Lago, he emphasized his campaign's acceptance of crypto donations.

In a March interview with CNBC, Trump recognized the importance of crypto, saying, “I’m not sure that I’d want to take [crypto] away at this point.” Speaking to NFT holders, he criticized the Biden Administration’s crypto policies and urged supporters to vote for him if they favor cryptocurrency.