GOP leader and billionaire businessman Donald Trump will be the first sitting US president to hold meme coins.
Maybe internet magic money, but the president has it.
Once sworn in as the 47th President of the United States, Donald Trump would be the only US leader in history with a holding of meme coins.
Arkham reported about $8 million of meme coins in Donald Trump’s crypto wallet. The White House returnee holds $5.5 million of TROG tokens, $1.5 million of a TRUMP meme, 1.3 billion GUA coins valued at nearly $400,000, and $167,000 TRUMPIUS.
Donald Trump was a crypto skeptic. That changed in 2024 when the Republican president publicly supported Bitcoin (BTC) and strives to defend the right to own Bitcoin.
The tycoon launched non-fungible tokens on the Ethereum network, profiting thousands of dollars in Ether (ETH) from NFT. His wallet held 496.77 ETH, worth about $1.6 million at the time of publication.
Many expect and hope that the Trump administration will usher in a clear regulatory regime of digital assets. Donald Trump’s nominees like Paul Atkins for SEC chair and appointments like crypto zar David Sacks suggested the facts of a crypto-focused approach.
Industry leaders also reported donated at Trump’s inauguration and pressured him to sign an executive order in his first 100 days in office. The requested order will create a US Bitcoin reserve.
