Key Takeaways
The ongoing market crisis has led to a significant decline in Donald Trump’s crypto portfolio.
The official Trump memecoin plummeted over 85% from its all-time high on Jan. 20.
Trump’s personal crypto holdings sharply declined, dropping to $2.1 million.
Donald Trump’s crypto fortune has plummeted by more than 85% in just four weeks since the start of his second presidential term.
The much-publicized Trump memecoin, once a symbol of his expanding digital wealth, has lost over 85% of its value since peaking on Jan. 20.
What was once a $55 billion windfall for the president has now dwindled to just over $13 billion, marking a $42 billion loss in a matter of weeks.
Compounding the blow, Trump’s personal crypto holdings—primarily donated tokens—have fallen below $2.5 million, underscoring a turbulent beginning to his latest term in office.
Trump’s Official Memecoin Loses $40 Billion in Value
After initially adding $50 billion to Trump’s net worth, the memecoins’s value has now plummeted to $12 billion amid an ongoing bearish crisis in the crypto market.
The meme coin, which is largely controlled by Trump-affiliated companies like CIC Digital and Fight Fight Fight, which hold 80% of the total supply, has a gradual token release plan that will extend over the next three years.
Trump’s Crypto Portfolio Slumps to Single Digits
The President’s personal crypto portfolio has also taken a significant hit, falling below $2.5 million, which once was well over $15 million.
Trump’s donated crypto portfolio is now mainly comprised of memecoins as the wallet moved out $3.2 million worth of ETH a couple of weeks ago.
TROG remains the top asset in the portfolio, but it has seen a sharp decline, losing $0.6 million in value from the last week and is now worth $1.26 million.
Trump’s namesake token has also suffered a significant drop.
The token is currently valued at $241,000, nearly one-third of its value just four weeks ago. It placed second, as the wallet swapped most of the ETH, driving $3.2 million from the donated portfolio.
The on-chain data indicates the wallet sent nearly all of ETH worth $3.2 million to Coinbase Prime for staking.
WLFI Token Sale Sees Boost
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, 2024, 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.
