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NEAR Protocol- Donald Trump will take oath on January 20th as the first president holding memecoins.
- Data from Arkham revealed that the President-elect boasts an impressive portfolio of $8 Million.
The inauguration ceremony for President-elect Donald Trump is nearing. On January 20th, 2025, Trump will take oath for the second time and take over the office as the 47th President of the US.
Post ceremony, Trump would be the first sitting US president holding memecoins. Throughout his election campaign, he promised to lead a pro-crypto administration.
The effect of those crypto related promises was reflected in the voting pattern, with the majority of the Crypto bloc rooting for him. Notably, the members announced to be part of the new administration prove that those promises weren’t a farce.
Donald Trump is genuinely invested in crypto. Recent reports by Arkham Exchange regarding his crypto holdings have indicated the same.
Donald Trump’s Crypto Portfolio
Once a crypto skeptic, Donald Trump will return to office, this time, as a “Memecoin President”. In recent years, the “Magic Internet money” has found its way into Trump’s wallet. The President-elect boasts an impressive portfolio.
As per recent reports, the Billionaire businessman’s crypto wallets hold $8 Million worth of coins. A substantial percentage of these are memecoins.
Arkham made the details of Donald Trump’s digital asset holdings public. This onchain analytics platform shared this information on X on January 11th, 2025. The president-elect’s cryptocurrency wallets contain altcoins in addition to memecoins.
Among the essential altcoins he owns are Matic, BNB, and Ethereum. Trump also maintains a diverse portfolio and owns a few stablecoins, such as USDC and USDT.
These holdings were valued at $16.77 Million at their peak in mid-December. However, it is down to $8 Million due to crypto market volatiliy and Bitcoin price consolidation.
Donald Trump does not own Bitcoin. However, he is among the leading advocates for the most popular cryptocurrency.
Which Memecoins Does Trump Hold?
Memecoins account for about 70% of Trump’s digital asset holdings. His largest holding is a Frog-themed memecoin called TROG. According to Arkham, the White House returnee possesses 210.345 Billion TROG tokens valued at approximately $5.58 Million.
Trump has also invested in several memecoins that are parodies of him. Memecoins such as TRUMP STRUMP, MAGA, TRUMP INU, and numerous others fall under this category. All of these have nothing to do with Donald Trump, though.
His second most significant memecoin investment is in TRUMP. He holds 579.29K TRUMP, which is equivalent to $1.58 Million.
Inspired by his most famous election campaign slogan, MAGA also adorns his portfolio. Donald Trump has 301.168M MAGA tokens, which are worth $27.85K.
Along with these memecoins, His portfolio includes 1.3 billion GUA coins, valued at almost $379.83K, with 1.411M TRUPMIUS, equivalent to $167,000.
Skeptic to Supporter
Donald Trump was not always pro-crypto. His stance on cryptocurrencies has changed over time. Earlier, he was too critical of them; he even called Bitcoin a scam currency.
He expressed concerns regarding its volatility and potential use in illegal activities. Trump stated, “Bitcoin, it just seems like a scam.” He added, “I don’t like it because it’s another currency competing against the dollar.”
This quote on Bitcoin is from a Fox News interview in June of 2021, which is not too old. Clearly, Trump’s opinion on crypto has evolved significantly since then.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
