Title: Donald Trump’s Altcoin Assets Plummet Amidst Bitcoin’s Fall: A Massive Loss for the Former President!
Introduction:
The recent decline in the cryptocurrency market has had a significant impact on former US President Donald Trump’s crypto assets. This article explores the extent of Trump’s losses and sheds light on the decline in his altcoin investments.
Content:
Today witnessed a notable drop in both Bitcoin and altcoins. While BTC plummeted below $57,000, altcoins also experienced losses ranging from 5% to 10%.
The decline also affected memecoins, particularly those with a PoliFi theme. Notably, memecoins like MAGA (TRUMP), representing presidential candidate Donald Trump, and Jeo Boden (BODEN), representing Joe Biden, suffered great losses. In the past seven days, TRUMP experienced a staggering 45% decrease, while BODEN plummeted by 76%.
As the cryptocurrency market experienced a significant downturn, Donald Trump, the former US President and Republican candidate for the next election, saw a substantial decline in his memecoin assets. According to data from Arkham Intelligence, Trump’s crypto assets have fallen by 75% since June, amounting to $7.85 million.
Trump’s memecoins have largely vanished since June, resulting in a substantial decrease in the total value of his assets. The former president’s memecoins went from being valued at $31 million to a mere $7.85 million.
In Trump’s wallet, there are 579,290 TRUMP tokens worth $2.88 million, 489.18 Ethereum (ETH) worth $1.53 million, TROG worth $1.46 million, and 377,131 WETH worth $1.18 million.
However, it is essential to note that none of the memecoins in question were personally purchased by Trump himself. These assets primarily consist of tokens sent to Trump by various cryptocurrency developers aiming to garner attention for their projects.
Conclusion:
The decline in the cryptocurrency market has not spared former US President Donald Trump. His altcoin assets, primarily composed of memecoins, have suffered a massive loss. From June to the present, Trump’s assets have plummeted by 75%, amounting to $7.85 million. It remains to be seen how this downturn will impact the future of Trump’s crypto investments.
