Crypto:
30532
Bitcoin:
$58.169
% 2.52
BTC Dominance:
%53.6
% 0.28
Market Cap:
$2.13 T
% 3.47
Fear & Greed:
26 / 100
Bitcoin:
$ 58.169
BTC Dominance:
% 53.6
Market Cap:
$2.13 T

Former President Trump’s Crypto Investments Hit Hard by Market Drop

Donald Trump

Donald Trump’s crypto assets, including MAGA and BODEN memecoins, have plummeted in value, with his portfolio dropping by 75% since June, now worth $7.85 million.

The sharp decline in the cryptocurrency market has significantly impacted the crypto assets of former US President and 2024 Republican Party presidential candidate Donald Trump. Notably, Trump-themed MAGA (TRUMP) and Joe Biden-themed Jeo Boden (BODEN) memecoins have suffered substantial value losses. Over the past 7 days, TRUMP has dropped by 45%, while BODEN has plummeted by 76%.

According to Arkham Intelligence data, Donald Trump’s memecoin assets have decreased by 75% since June, falling to $7.85 million. Trump’s crypto assets, which were valued at $31 million at the beginning of June, have largely eroded and are now only at the $7.85 million level. This signifies a 75% drop in the value of Trump’s crypto wallet.

Currently, Donald Trump’s wallet holds 579,290 TRUMP worth $2.88 million, 489.18 Ethereum (ETH) worth $1.53 million, TROG worth $1.46 million, and 377,131 WETH worth $1.18 million.

However, it is important to note that none of these memecoins were purchased by Donald Trump. These tokens were sent to Trump by various cryptocurrency developers to draw attention to their projects.

The significant devaluation of Donald Trump‘s crypto assets serves as a noteworthy example for both the general state of the crypto market and individual investors. Trump’s memecoins once again highlight how volatile and unpredictable the cryptocurrency market can be.

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