Former US President Donald Trump sees his crypto portfolio jump dramatically, surpassing $33 million thanks to a surprise airdrop of the popular TROG meme token.
Trump's portfolio sees a huge boost thanks to TROG
According to data from analytics platform Arkham, Trump's crypto wallet literally doubled in value to over $33 million after receiving half of the total supply of the TROG memecoin.
This last now represents the main asset former president's crypto with over 210 billion TROG coins valued at nearly $20 million.
MAGA Coin nevertheless remains its second largest crypto holding, at around $8 million. His high-profile NFT collection also earned him $3.2 million in Ether (ETH) and Wrapped ETH (WETH).
Increasingly strong support from Trump for the crypto ecosystem!
This sudden influx of digital wealth is just the latest building block in the growing ties between Donald Trump and the crypto universe. A few weeks earlier, his campaign confirmed its intention to accept donations in Bitcoin, Ethereum and other cryptos through Coinbase, showing its support for the industry.
His portfolio had already swelled recently following a wave of donations from sympathizers during his recent legal conviction, seen as a way of expressing their support.
Additionally, Trump hosted an event dedicated to his “Trump Cards” NFT collection at his Mar-a-Lago resort, demonstrating his growing interest in this asset class.
With a now substantial crypto portfolio and demonstrated support, Donald Trump seems well on his way to becoming a key player in the crypto ecosystem if he wins the presidency in 2024, influencing future regulatory directions.
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