By Shubham K. In the lead-up to the November 2024 U.S. presidential election, Republican nominee Donald Trump's crypto holdings have seen an impressive surge in worth.
Republican presidential nominee Donald Trump has seen his crypto holdings increase by $6.1 million since the start of the year, according to Arkham, a crypto intelligence platform.
Trump's crypto portfolio, currently valued at $7.71 million, has shifted dramatically from his past skepticism towards the asset class. Notably, over 65% of his current holdings consist of memecoins.
His portfolio includes a diverse range of assets, with memecoins making up the majority. The largest asset is MAGA (TRUMP), valued at $3.12 million, showing an increase of $191,170 in the last 24 hours.
Other major assets include Ethereum (ETH), valued at $1.29 million, and Wrapped ETH (WETH), valued at $1.25 million. Both Ethereum-based tokens have seen minor losses, with ETH and WETH down by $9,280 and $9,860 over the past 24 hours.
Additionally, Trump's portfolio features substantial holdings in memecoins such as TROG, valued at $959,170, and GUA, valued at $433,650. Smaller assets include the FIGHT token, valued at $144,050, and USD Coin (USDC), a stablecoin with a balance of $137,808.
According to Arkham's data, Trump's address has received $3.01 million, all through Coinbase, with deposit activity spiking after September 2023 and stabilizing in early 2024.
However, his withdrawal activity has been minimal, totaling just $160.08. These withdrawals were distributed across four exchanges, with MEXC handling 86% of the total. The disparity between Trump's deposits and withdrawals indicates a strong inclination towards holding, rather than liquidating.
