A Brand New Memecoin Emerges in Donald Trump’s Altcoin Portfolio – What Occurs if He Decides to Sell?
It was quite remarkable to discover that former United States President Donald Trump had acquired a new memecoin for his altcoin portfolio. But where did these memecoins come from?
Author:
Mete Demiralp
04.06.2024 – 20:50
Update:
7 hours ago
0
Interesting developments are transpiring within the cryptocurrency wallet belonging to Donald Trump, the former President of the United States and a potential candidate in the upcoming presidential race.
As it is widely known, Donald Trump possesses his own collection of non-fungible tokens (NFTs), with the income generated from these tokens being transferred to his wallet in the form of Ethereum.
At the time of writing this article, Trump’s cryptocurrency wallet contained approximately $1.79 million worth of ETH. It is important to note that all of Trump’s assets, apart from ETH, which accounts for a total portfolio value of around $25 million, consist of tokens that were airdropped by altcoin developers against his will.
Until recently, the largest asset in Trump’s cryptocurrency wallet was the TRUMP token, the value of which skyrocketed as politically themed altcoins gained popularity. However, there has been a recent surge in another altcoin within Trump’s portfolio, resulting in a significant increase in his overall assets.
Trump’s memecoin holdings have nearly doubled in value in recent days, now surpassing $20 million.
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The altcoin in question is called TROG, and Trump currently possesses tokens from this altcoin worth $12.61 million in his portfolio. Approximately half of TROG’s total supply was airdropped to Trump by the developers during the initial token distribution.
However, it seems highly unlikely that Trump will sell the aforementioned TROG altcoins, mainly due to the fact that he may not even be aware of their existence. Additionally, as the owner of half of the total supply, it is improbable that he would sell these tokens at market value.
*This article does not provide investment advice.
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