As a crypto enthusiast, I’m excited to share that for the first time ever, a sitting U.S. President – none other than Donald Trump – is set to venture into the world of meme coins. This move could potentially reshape the landscape of digital currency investments and bring more attention to this dynamic sector.
Magic internet money maybe, but the President has some.
If elected as the 47th President of the United States, Donald Trump would become the unique American president currently in office who owns meme coins.
Arkham estimates that around $8 million worth of meme-based cryptocurrencies are stored in Donald Trump’s digital wallet. This former White House resident owns about $5.5 million of TROG tokens, $1.5 million of a TRUMP token, nearly $400,000 worth of GUA coins (approximately 1.3 billion units), and around $167,000 in TRUMPIUS.
DONALD J. TRUMP WILL BE THE FIRST SITTING US PRESIDENT TO HOLD MEMECOINS
— Arkham (@arkham) January 10, 2025
In earlier times, Donald Trump was known for his skepticism towards cryptocurrencies. However, by the year 2024, as the president of the Republican party, he openly endorsed Bitcoin (BTC) and vowed to uphold the freedom to possess Bitcoin.
The business magnate introduced Non-Fungible Tokens onto the Ethereum blockchain, earning a substantial amount of Ether (ETH), approximately thousands of dollars, from these NFTs. At the time of publication, his digital wallet contained 496.77 ETH, equating to around $1.6 million in value.
Many anticipate and desire that Trump’s presidency will bring about a well-defined regulatory framework for digital assets. The nomination of Paul Atkins for SEC chair, along with the appointment of crypto expert David Sacks, hints at a potential focus on cryptocurrencies.
As a researcher, I’ve uncovered reports indicating that key industry figures supposedly contributed to President Trump’s inauguration and petitioned for his signature on an executive order during his initial 100 days in office. This proposed order aimed to establish a U.S. reserve for Bitcoin.
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2025-01-11 01:16