Donald Trump’s Altcoin Holdings Take a Hit Amid Market Downturn – Trump’s Loss Revealed
In the midst of the recent cryptocurrency market decline, the assets belonging to former US President Donald Trump have also suffered a significant decrease in value.
According to data, Trump’s memecoin holdings took a hit, resulting in a loss of $12 million in a single day. The value of these memecoins in Trump’s wallet has plummeted from $33.15 million to $11 million over the past week.
TROG, the largest asset in Trump’s cryptocurrency portfolio, saw a staggering 90% decrease in value. While Trump initially held $24.7 million in TROG assets, he now only has $2.72 million remaining.
It’s important to note that Trump did not purchase any of the memecoins himself; they were tokens gifted to him by various cryptocurrency developers to promote their projects. The rise in popularity of political-themed altcoins, especially in anticipation of the upcoming US elections, has contributed to this trend.
As a reminder, this article does not constitute investment advice. To explore a wide range of cryptocurrencies, you can sign up with Binance exchange using this link for a 20% commission discount.
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