Donald Trump’s crypto portfolio has soared to a staggering $16.77 million.
According to data retrieved by Finbold from Arkham Intelligence, a public data application that enables users to analyze blockchain and cryptocurrency activity, Trump’s holdings surged by $6.78 million in just one day as of 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.
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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 we don’t want China or anybody else, not just China but others, embracing it, and we want to be the head.”
Trump seems to be ready to position the U.S. at the forefront of the crypto race, a shift from his previous skepticism.
Featured image via Shutterstock
