- Donald Trump holds $8 million in meme coins, including $5.5 million in TROG tokens.
- Trump’s NFT collection and Bitcoin support reflect a major shift in his stance on crypto.
- Trump’s administration could bring clearer crypto regulations with key innovation-friendly appointments.
Donald Trump, GOP leader and billionaire businessman, is set to make history as the first sitting U.S. President to hold meme coins. Arkham reports revealed that his crypto wallet contains approximately $8 million in meme coins, including $5.5 million worth of TROG tokens, $1.5 million in TRUMP memes, 1.3 billion GUA coins valued at nearly $400,000, and $167,000 in TRUMPIUS.
Trump’s Crypto Holdings Surge 215% with Meme Coins
Trump’s stance on cryptocurrency has dramatically shifted. In 2024, he surprised many by backing Bitcoin and pledging to protect ownership rights. His NFT collection on Ethereum’s blockchain drew major attention and earnings, with industry leaders contributing to his campaign. His administration aims to bring regulatory clarity and boost innovation.
Trump-themed meme coins have seen substantial price surges ahead of his inauguration. MAGA (TRUMP) tokens have jumped 20%, trading at $3.15, while MAGA, Fight for Trump (TRUMPCOIN) has soared 215% in a day and 560% over the past week. Other Trump-related tokens have also charted double-digit gains.
The bullish sentiment extends beyond Trump-themed coins. Dogecoin (DOGE) rose 2% to $0.39, while Shiba Inu (SHIB) gained 3%. However, some meme coins, like Bonk Inu (BONK) and Peanut the Squirrel (PNUT), have experienced minor retreats. The cryptocurrency market is abuzz with speculation about Trump’s potential impact on crypto policies.
Crypto Industry Aligns with Trump Administration
Trump’s upcoming administration has generated optimism within the crypto sector. Reports suggest he might appoint innovation-friendly figures like Paul Atkins as SEC chair and David Sacks as a crypto czar. These appointments could usher in a clearer regulatory framework, boosting U.S. leadership in the global cryptocurrency landscape.
Big Tech and crypto firms have seized the moment, contributing significantly to Trump’s inauguration fundraising. His team raised over $200 million, surpassing the record set during his 2017 inauguration. Major donors include Google, Meta, Amazon, and crypto firms, signaling their intent to influence policy decisions in the new administration.
Trump’s entry into cryptocurrency marks a pivotal moment, potentially reshaping the digital asset landscape. As the 47th President of the United States, his leadership could bring unprecedented opportunities for the crypto industry, fostering growth and innovation while addressing regulatory challenges.
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