Donald Trump, the U.S. president-elect, has seen significant gains from his unexpected foray into crypto. Trump’s holdings of Trog (TROG), a frog-themed memecoin rivaling Pepe Coin (PEPE), surged to $3 million over the past 48 hours before retreating slightly due to market volatility.
Donald Trump’s Memecoin Saga
At press time, Trump holds 210.34 billion TROG tokens valued at $2.54 million, according to Arkham Intelligence. The coin’s price spike propelled it past Ethereum (ETH) as Trump’s largest crypto holding. Previously, ETH, valued at $1.73 million in Trump’s portfolio, held the top spot.
Trump’s total earnings from TROG stem from an airdrop by the coin’s developer team, who gifted him the tokens directly. Despite the downturn following TROG’s peak, the substantial profits highlight the volatile nature of memecoins, often characterized by rapid price swings and speculative trading.
DONALD TRUMP UP $3 MILLION ON TRUMP FROG
Trump’s TROG holdings hit a peak of $3M in the past 48 hours. He’s also up $350K on GUA, another frog-themed memecoin – both of which he was airdropped by each coin’s developer team.
Did he outperform you? pic.twitter.com/dhFaOBSVIU
— Arkham (@ArkhamIntel) November 27, 2024
In addition to TROG, Trump also holds $350,000 worth of GUA, another frog-themed memecoin. Like TROG, GUA tokens were airdropped to Trump by its creators. These unexpected crypto earnings underscore the lucrative potential of airdropped tokens, particularly when associated with high-profile individuals.
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Memecoins have continued to capture investor interest in the crypto market due to their novelty and viral appeal. Trump Frog’s market activity mirrors the speculative frenzy seen with other meme-based digital assets like Dogecoin (DOGE) and Pepe Coin.
Trump’s sudden involvement in memecoins adds an intriguing chapter to the ongoing evolution of cryptocurrency markets. With his holdings in TROG and GUA, alongside Ethereum, Trump’s portfolio reflects a mix of traditional blockchain assets and high-risk speculative tokens.
TROG vs. PEPE
As of writing, the TROG memecoin price slumped 27.2% to $0.0000124 on Wednesday, November 27. Nonetheless, the meme crypto skyrocketed by a whopping 521% in the last seven days alone.
On the other hand,Pepe Coin price soared 9.24% to $0.00001962 as its rival struggled after days of rallying. Whilst, Trump’s trusted Ethereum price gained 7.52% to $3,570.28.
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Also Read: Donald Trump to Grant SEC’s Crypto Regulatory Authority to CFTC
