Crypto election campaign: Donald Trump holds 23 million US dollars in memecoins

The official wallet of Donald Trump is overflowing with meme coins. The latest addition to his portfolio is Trog (TROG). The Republican has received tokens currently valued at nearly $12 million.

As a result, his total holdings in meme coins now stand at $23 million. You can view his wallet here. At the beginning of the year, the amount was just $1 million.

Trog, which stands for Trump Frog, was launched almost a week ago and has a market capitalization of $23 million.

It’s unlikely that Trump is even aware of this digital asset. According to Arkham Intelligence, the wallet is controlled by a user named loveischieftrollofficer.eth.

The second-largest holding is the official Trump meme coin, MAGA, with tokens worth about $7 million.

Donald Trump has shifted his stance on crypto. He now accepts Bitcoin donations and presents himself as a pro-crypto candidate. For more details, check out this CoinDesk article.

Source: BTC-ECHO