President Donald Trump has been courting the cryptocurrency business and group by a lot of his marketing campaign and has been engaged with digital belongings each straight and not directly in latest months.
Maybe his most overt motion pertaining to cryptocurrencies got here across the inauguration day – January 20 – when he personally, together with a number of members of the Trump household, launched a sequence of thematic meme cash.
Although others – maybe most notably the Official Melania meme (MELANIA) – quickly gained market cap after the launch, the OFFICIAL TRUMP (TRUMP) was the most important winner of the occasion.
Regardless of such actions and regardless of what may need been hoped from the brand new administration, Donald Trump’s personal cryptocurrency portfolio fell considerably mere weeks after the inauguration, per the newest knowledge Finbold retrieved from the blockchain analytics platform Arkham Intelligence on February 6.
Trump’s portfolio drops to 2025 worth weeks after inauguration
Particularly, the President had roughly $9.4 million value of cryptocurrency on New 12 months’s Day, and the worth soared to $23 million by January 18. Lower than three weeks later, on February 6, 2025, the portfolio is value $3.1 million – some $20 million much less.
The cryptocurrency allocations have additionally modified. Although the Trog (TROG) meme coin – a digital asset extra more likely to have been despatched to the billionaire politician as a advertising and marketing ploy than intentionally bought by the Republican – nonetheless holds the highest spot, notably Ethereum (ETH) has fallen removed from the second place.
For what it’s value, nonetheless, it could seem that, normally, the unconventional change within the worth of the portfolio has extra to do with the fluctuations within the cryptocurrency market than with ‘dumping.’
Trump seems to not have touched his TROG or a distinct TRUMP meme coin not affiliated with the President, because the Arkham archive reveals he held roughly 210 billion of the previous and 579,000 of the latter on January 19 and that he held the identical quantity on February 6.
Nonetheless, the information additionally reveals that the drop within the ETH steadiness can’t solely be attributed to the 17.19% drop within the token’s worth between the dates. Certainly, on January 19, the Trump portfolio contained practically 496 Ethereum and, at press time, contained slightly below 6.
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