A New Memecoin Emerges in Donald Trump’s Altcoin Portfolio – What Happens If He Decides to Sell?
There have been some intriguing developments in the cryptocurrency wallet of former US President Donald Trump, who is also a candidate in the upcoming presidential race.
It is well-known that Trump owns his own NFT collection, and any earnings he generates from it are transferred to his wallet in the form of Ethereum.
At the time of writing, Trump’s cryptocurrency wallet holds approximately $1.79 million worth of ETH. Apart from ETH, which makes up the majority of his portfolio valued at around $25 million, all of Trump’s other assets are tokens that were airdropped by altcoin developers without his consent.
Until recently, the largest asset in Trump’s cryptocurrency wallet was the TRUMP token, whose value skyrocketed as politically themed altcoins gained popularity. However, there has been a significant increase in Trump’s total assets as another altcoin has started to gain traction in his portfolio.
The value of Trump’s memecoin holdings has nearly doubled in recent days, reaching over $20 million.
The altcoin in question is called TROG, and Trump currently holds approximately $12.61 million worth of tokens from this altcoin in his portfolio. Developers airdropped around half of TROG’s total supply to Trump during the initial token distribution.
However, it seems highly unlikely that Trump will sell the TROG altcoins he possesses, as he may not even be aware of this particular altcoin. Additionally, considering that he owns half of the total supply, it is improbable that he would sell these tokens at market value.
*This article does not provide investment advice.
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