President-elect Donald Trump has become a crypto industry sensation with a 180-degree shift in his perspective around cryptocurrencies. More importantly, this was one of the winning factors in the US presidential election, as his promises of crypto regulations, firing the SEC Chair Gary Gensler, and much more brought investors’ trust in him. Aside from this, his crypto portfolio also boosted users’ confidence. However, the same portfolio built him millions in profits as his holding worth grew 3x since August.
On the other side, Trump’s crypto project, World Liberty Financial is also getting significant attention. Just recently, Justin Sun TRON invested $30M in the project, becoming one of the biggest shareholders. Now, it has to see how this WLF is going to benefit the crypto industry.
Donald Trump’s Crypto Portfolio Triples in 3 Months
In August 2024, the Arkhan intelligence report revealed the stats of Trump’s crypto holdings. Per that report, Donald Trump has invested in six primary cryptos and many negligible worth of memecoins, bringing his holdings to $3.6M. However, the same portfolio has grown to $9.4M today, showcasing an impressive surge in the holding worth.
Interestingly, the soon-to-be 47th president has been holding most of the cryptos as of the August data, but the quantity has changed. Additionally, there are various new cryptos, which have definitely helped boost this crypto portfolio. In this, the biggest holdings are in TROG ($3.71M), ETH ($1.70M), WETH ($1.64M), TRUMP ($1.07M), GUA ($740.48K), USDC ($138.65K), CZAR ($69.41K), TUA ($55.32) and hundred others.
Surprisingly, amid these hundreds of cryptos, Donald still does not hold Bitcoin despite actively mentioning that cryptocurrency in his campaigns. He even visited the Bitcoin bar and the Blockchain conference, discussing the same token, but still has zero BTC holdings. This is more surprising, as Bitcoin is in its prime, where the BTC price might hit $100K soon, as it created an ATH of $99.6k just three days ago.
All that talk on $BTC but he doesn’t hold any?
— fred10 (@freeddd100) November 25, 2024
How The Crypto Holdings Grew 3x?
The crypto market has grown exponentially over the years, and there are millions of cryptocurrencies to trade into. Here, every investor’s crypto portfolio grows with the token price rally, increasing token holding, and the same happened with Donald Trump’s crypto holdings. It is pretty clear that in the past three months, Donald has added many more tokens to his portfolio. More importantly, they all (including old holdings) grew and contributed to the 3x surge.
Crypto Market Rally
The biggest reason behind the growth of Donald Trump’s crypto portfolio is the ongoing crypto market rally, which clearly represents the bull’s dominance. Users’ sentiments have turned to ‘extreme greed’, the global market capitalization has surged to $3.27 T, and almost every crypto, including Trump’s holding, is booming with gains.
Trump has the biggest investment in TROG ($3.71M), ETH ($1.70M), and WETH ($1.64M), which has offered high gains. TROG price has surged 1060% in the last 24 hours, and Ethereum and WETH are up by 40% over the month, clarifying why Trump’s holdings are so up. The same is true with the rest of his holding, as almost all gains with a few exceptions.
Diversified Portfolio With Trending Cryptos
Donald’s crypto portfolio is packed with some of the most trending memecoins, which are continuously in demand. It includes tokens like PEPE, CAT, TRUMP-themed tokens, and many others. Eventually, these token’s steady gains are lifting the overall worth of the portfolio.
However, it is not that he has only invested in these trending meme-themed cryptos, as there are many all-time rounders and top cryptos like Ethereum, WETH, BNB, and many others that provide stability and higher profits in the long term. The Arkham report also revealed a significant amount of stablecoins like USDC and USDT, which are pegged to the dollar to maintain their value regardless of market condition.
Final Thoughts
Donald Trump’s perspective on the crypto industry has changed entirely. From the talks of the crypto ban to promising making ‘crypto made in America,’ the crypto market has witnessed the biggest rally of the year, where almost every crypto is riding the bulls. Many investors have successfully taken advantage of the rally, and the same can be said for president-elect Trump, as his crypto holdings grew from $3.5M to $9.4M in the last three months. This happened with his investments in the trending tokens, whose performance grew with the crypto market rally. More importantly, a diversified crypto portfolio has helped Donald Trump’s crypto holding grow 3x since August. However, it is still nothing compared to the June portfolio valuation, where its worth was more than $31M.
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