The post Donald Trump’s crypto portfolio hits $16 million: Here’s what he holds appeared on BitcoinEthereumNews.com.

Donald Trump’s crypto portfolio has soared to a staggering $16.77 million, marking a $6.78 million surge in just one day, according to data retrieved by Finbold from Arkham Intelligence, a public data application that enables users to analyze blockchain and cryptocurrency activity on December 13, 2024. But before you think Trump has fully embraced crypto as his new political weapon, there’s more to the story than meets the eye. Trump crypto portfolio. Source: Arkham Intelligence What’s in Trump’s digital wallet? Trump’s publicly known wallet holds a curious mix of assets, including Ethereum (ETH), Wrapped Ethereum (WETH), and a slew of meme tokens like TROG and TRUMP. Other smaller holdings include GUA, USDC, TUA, and RIO. On paper, it looks like a bold bet on everything from mainstream crypto to the wild world of internet humor. But don’t let the numbers fool you — not all if any of these tokens were necessarily purchased by Trump himself. In crypto, anyone can send tokens to any known wallet, whether invited or not. This means that while these coins are tied to Trump’s wallet, they haven’t been officially confirmed as his own investments. It’s a classic crypto stunt: creators send tokens to high-profile figures to boost their coin’s credibility. Sometimes, it’s a clever marketing move; other times, it’s just flat-out misleading. Crypto market is bullish on Trump The bulk of Trump’s portfolio is dominated by TROG, which clocks in at $10.49 million. The TRUMP token — yes, named after him — adds another $1.07 million to the mix. But just because these tokens live in his wallet doesn’t mean he’s cashing in on meme coin mania.  Interestingly, Trump’s own stance on crypto has taken a turn. On December 12, he made his position clear: “We’re going to do something great with crypto because…

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Filed under: News - @ December 13, 2024 9:20 am