Trump holds $7 million in crypto: Arkham Intelligence

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As a researcher with over two decades of experience in financial markets and technology, I find it fascinating to witness such a dramatic shift in Donald Trump’s stance towards cryptocurrencies. From a vocal skeptic just a few years ago to becoming one of the most influential figures in the crypto industry today, this transformation is nothing short of remarkable.

Donald Trump, the newly elected President of the U.S., disclosed ownership of approximately $7.2 million worth of various digital currencies, further demonstrating his support for cryptocurrency.

Based on Arkham Intelligence’s data, it is known that the 47th President of the United States owned approximately $7.2 million in digital assets within cryptocurrencies on November 25th. His holdings were worth $26 million on June 6th, but they decreased to around $17 million only a few days later.

One way to rephrase that statement could be: “Trog (TROG) is his largest investment in the crypto world, with a total of 210 billion coins valued at approximately $1.86 million. In just the last 24 hours, the price of Trog has skyrocketed by an impressive 343%, jumping from $0.000002008 to $0.000008914.

As a crypto investor, I’m thrilled about my current holdings. One of the most intriguing aspects is that I own more TROG than Ethereum (ETH), with a staggering $1.7 million invested in TROG. To put this into perspective, the average price of Ethereum stands at around $3,401. Moreover, my WETH (WETH) holdings have climbed up to become the third largest in my portfolio, totaling 478 WETH, which translates to approximately $1.63 million. This dynamic trio of digital assets is a testament to my faith in their potential growth and long-term value.

Another million holds on crypto is themed-coin of his name, TRUMP with 579k or equals to $1.03 million. He mostly holds meme coins, including GUA, TUA, PUPPIES, and CZAR. Among those on the top list, Bitcoin (BTC) was not on the list as the biggest crypto that he holds.

Trump’s movement on crypto

Previously unbeknownst as a proponent of cryptocurrency in 2021, particularly during his tenure as U.S. President, he has since become a major figure within the crypto sector following his re-election loss.

During his run for this year’s election, he developed a pro-cryptocurrency stance following his participation at the 2024 Bitcoin Conference in Nashville. If re-elected, he plans to implement a pro-crypto agenda, which encompasses the Bitcoin Strategic Reserve and has garnered support from numerous Republican senators, aiming to present this idea to Congress for consideration.

Currently, he has been re-elected to the White House and appointed several individuals for his cabinet, some of whom are known supporters of cryptocurrency. Among them are Robert F. Kennedy Jr and Elon Musk. Trump further selected Scott Bessent as the Treasury Secretary, referring to him as “the most pro-crypto treasury we’ve ever seen.

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2024-11-26 02:32