- Donald Trump has a complete of $5.31 million in crypto holdings as of November 11.
- The subsequent POTUS’s high crypto property are ETH, wETH, and MAGA (TRUMP).
Donald Trump’s win as the following President of the USA (POTUS) has catalyzed what could possibly be the following cryptocurrency bull run. Proper earlier than and after the 2024 elections, “Trump Trades” have been instrumental in sending Bitcoin (BTC) to a collection of all-time highs, which additionally pushed different mainstream altcoins and associated meme cash on the upside.
What made Trump’s win instrumental to the heightened investor sentiment towards digital property, particularly Bitcoin, had been his plethora of guarantees through the not too long ago concluded election cycle that might doubtlessly result in a extra favorable regulatory atmosphere for them. Amongst his pledges that actually resonated with the broader crypto group had been his vows to make the US the “crypto capital of the planet” and “a Bitcoin mining powerhouse,” turning BTC right into a “strategic reserve asset” for the US Treasury, and firing US Securities and Alternate Fee (SEC) Chair Gary Gensler.
One other factor that made Trump relatable to the crypto group was his lively involvement in occasions and tasks involving cryptos. Alongside the best way, he additionally held a major chunk of those digital property in his crypto pockets.
Donald Trump’s High 3 Crypto Belongings
Based on Arkham Intelligence’s on-chain monitoring platform, Trump has a complete of $5.31 million in cryptocurrency holdings as of November 11. This was a substantial improve from his $3.4 million crypto holdings round mid-August this yr.
Essentially the most dominant cryptos within the president-elect’s pockets are the next:
Ethereum (ETH)
Trump’s crypto pockets confirmed a slight improve in his Ethereum token holdings. It went from 492.72 ETH the final time we checked in August to the current 495.535 ETH.
Because of Ether’s hovering values, which trailed Bitcoin’s value actions, the Republican politician’s ETH holdings exhibited main beneficial properties from its $1.28 million in August to the present $1.61 million. His Ether property had been largely derived from his non-fungible token (NFT) gross sales.
Wrapped ETH (wETH)
The second most distinguished denomination in Trump’s crypto pockets is Wrapped ETH (wETH). This token was additionally a product of NFT-affiliated transactions.
The president-elect managed to subtly develop his holdings from 377.467 wETH in August to the prevailing 478.711 wETH. Trump’s wETH has gone up from round $980,000 three months in the past to $1.59 million.
MAGA (TRUMP)
Though the MAGA token mirrored Trump’s battle cry, it has no official hyperlinks to the incoming POTUS to today. How the Republican politician received maintain of his MAGA property stays unclear up so far.
Some speculated that both he or his sons had been secretly concerned within the meme coin’s growth. Nevertheless, there’s additionally the likelihood that the property had been merely airdropped to his account.
Up to now, Trump’s third costliest token holding is MAGA. The superstar businessman-turned-politician now has a complete of 579.29K TRUMP tokens price $1.04 million.