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Billionaire businessman and GOP leader Donald Trump will become the first sitting U.S. President to hold meme coins.
Magic internet money maybe, but the President has some.
Once sworn in as the 47th President of the United States, Donald Trump would be the only sitting U.S. leader in history with meme coin holdings.
Arkham reported roughly $8 million worth 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 almost $400,000, and $167,000 TRUMPIUS.
DONALD J. TRUMP WILL BE THE FIRST SITTING US PRESIDENT TO HOLD MEMECOINS pic.twitter.com/ODlNXDaKIT
Donald Trump used to be a crypto skeptic. That changed in 2024 when the Republican President publicly supported Bitcoin (BTC) and pledged to defend the right to own Bitcoin.
The tycoon launched non-fungible tokens on Ethereum’s network, profiting thousands of dollars in Ether (ETH) from NFTs. His wallet held 496.77 ETH, worth about $1.6 million by publishing time.
Many expect and hope Trump’s administration will usher in a clear digital asset regulatory regime. Donald Trump’s nominees like Paul Atkins for SEC chair and appointments such as crypto czar David Sacks suggest the makings of a crypto-focused approach.
Industry leaders also reportedly donated to Trump’s inauguration and lobbied him to sign an executive order within his first 100 days in office. The requested order would create a U.S. Bitcoin reserve.
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