Donald Trump’s Crypto Portfolio Wipes $20B Following Presidential Return

• Donald Trump’s crypto portfolio took a staggering hit.
• The official Trump memecoin plummeted more than 50% from its all-time high on Jan. 20.
• Trump’s personal crypto holdings saw a sharp decline, dropping to below $8 million in value.

Donald Trump’s crypto empire is already feeling the heat just a day after his inauguration.

His much-hyped memecoin has nosedived over 50% from its peak, wiping out more than $20 billion from his crypto portfolio.

The dramatic downturn has also seen Trump’s personal crypto holdings tumble below $8 million, signaling a rocky start for his assets.

Trump’s Official Memecoin Holding Value Drops by $20B

Donald Trump’s official memecoin, which launched with much fanfare on Jan. 17, took a nosedive on his inauguration day, plunging from its all-time high of $76 to a current value of $39.

At its peak, the memecoin had added $50 billion to Trump’s net worth, but it has since slid to $31 billion, leaving investors reeling.

According to the token’s website, Trump-affiliated companies like CIC Digital and Fight Fight Fight control 80% of the total supply.

However, most of these tokens are locked and slated for gradual release over the next three years.

Currently, 200 million tokens are in circulation, with the supply projected to hit 1 billion by 2028.

Despite the sharp drop, the memecoin has surged over 28,000% since its debut, boasting a fully diluted value (FDV) exceeding $80 billion at its peak.

Trump’s Crypto Portfolio Slumps below $8M

The President’s actual crypto portfolio has also taken a significant hit, falling below $8 million.

The portfolio is primarily composed of donated memecoins, including several namesake tokens.

TROG remains the top asset in the portfolio, but it has seen a sharp decline, losing $2 million in value and now sitting at $3.1 million.

Trump’s namesake token has also suffered a 40% drop, falling to fourth place. It is currently valued at $543,000, nearly one-third of its value just two weeks ago.

Meanwhile, Ethereum (ETH) and wrapped Ethereum (wETH) have remained relatively stable, each holding steady at $1.6 million, occupying the third and fourth positions, respectively.

WLFI Token Sale Boosts

After a slow start, Trump’s DeFi project,  World Liberty Financial (WLFI), reached its fundraising goal.

Initially set at $300 million, the target was revised down to $30 million. Despite the 90% trimmed goal, WLFI struggled to take off.

This was until crypto entrepreneur Justin Sun injected $30 million for a spot as an advisor to the WLFI project.

WLFI’s token sale reeled in $52.95 million from 3.43 billion WLFI tokens sold.

As per the project’s “gold paper,” Trump’s company, DT Marks DEFI LLC, will secure 75% of the net revenue from the sale.

This could potentially boost his crypto portfolio significantly.

Memecoins Account for 70% of Trump’s Crypto Portfolio

The former President’s crypto portfolio comprises a diverse range of digital assets, including ETH , Ripple (XRP) , USD Coin (USDC), and several memecoins.

According to an Oct. 15 PAC filing , memecoins accounted for over 70% of all donations to Trump’s campaign.

Between July 1 and Sept. 30, Trump’s campaign raised $7.85 million in cryptocurrency donations.

Data from Arkham Intelligence revealed that the President-elect’s portfolio does not include Bitcoin (BTC), despite his wanting to use it to pay off the national debt.

Trump crypto portfolio. Source: Arkham Intelligence.

With additional reporting from Insha Zia.