Former US President Donald Trump’s altcoin assets have taken a hit due to the recent decline in the cryptocurrency market. Trump, who is also a Republican candidate in the upcoming election, saw a significant drop in the value of his memecoin assets.
Data reveals that Trump lost $12 million from his memecoins today alone. The value of his memecoins has plummeted from $33.15 million to $11 million in just a week. TROG, the largest asset in his cryptocurrency wallet, has lost 90% of its value, dropping from $24.7 million to $2.72 million.
It is important to note that Trump did not purchase any of these memecoins himself. They were tokens sent to him by various cryptocurrency developers to promote their projects. Political-themed altcoins have been gaining popularity, especially with the US elections approaching.
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