The post Donald Trump Crypto Holdings: Exploring His $30B Memecoin Market and ETH Investments appeared first on Coinpedia Fintech News
The market is on the sunny side after Donald Trump issued a new order called “Strengthening American Leadership in Digital Financial Technology” which supports the safe growth of crypto and blockchain. It cancels Biden’s old rules and sets up a group to create clear crypto guidelines in six months.
The reaction came after many criticized Trump for holding memecoins without clear guidelines giving a bad reputation to his newly formed administration. TRUMP and MELANIE both the coins created a market frenzy as it is the first coin publicly supported by any political figure.
A recent video analysis, presented by Coin Bureau analyst Nick, explores how these assets could potentially skyrocket, especially in the event of a Trump presidency.
Trump’s Personal Crypto Portfolio
According to Arkham’s on-chain analytics, Trump personally holds over $3.4 million in crypto, mostly in Ethereum (ETH) and wrapped ETH, along with $140,000 in USDC stablecoin. These holdings align with his financial disclosures from his 2024 presidential campaign, which listed his ETH holdings between $1 million and $5 million.
Plus, Trump’s newly launched meme coin, with around 800 million of the 1 billion tokens being controlled by Trump-affiliated entities. The unsold tokens, valued at $30 billion, will become available for sale in April 2025.
Ethereum and Meme Coin Potential
The analysis suggests that Ethereum could follow Bitcoin’s price cycle, with a potential market cap of $1.2 trillion, which would push ETH’s price to nearly $110,000. As for Trump’s meme coin, there’s no clear precedent for a country leader launching a token, but there’s speculation it could crack the top 10 cryptocurrencies by market cap.
The Trump Family’s Crypto Involvement
Melania Trump has launched her meme coin, the Melania token, though details on how much of the supply she holds remain unclear. The project’s team allocation doesn’t vest until February 2025. While Donald Trump Jr. and Ivanka Trump don’t hold crypto directly, Ivanka’s husband, Jared Kushner, has been associated with promoting a dollar-backed CBDC (Central Bank Digital Currency).
Eric Trump is reportedly holding Bitcoin, Solana (SOL), and Sui, though sources are unverified. Both Solana and Sui were sponsors of Trump’s inauguration, indicating a connection to these cryptos. Baron Trump, the youngest son, has been noted as a “DeFi visionary” and “Web3 ambassador” for World Liberty Financial, a crypto project linked to the Trump family.
World Liberty Financial’s Crypto Holdings
World Liberty Financial (WLF), a project with ties to Trump’s family Eric Trump, Donald Trump Jr., and Barron Trump, holds an impressive portfolio of cryptos. These include $210 million in Ethereum, $55 million in USDC, $47 million in wrapped Bitcoin (WBTC), and various other assets like Chainlink (LINK), Tron (TRX), and more. The project’s largest holding is Ethereum, signaling a bullish outlook on ETH, especially considering WLF’s focus on Ethereum-based decentralized finance (DeFi).