Trump's Estimated Crypto Holdings Plummet by 75% Since June

IconCryptoNewsTerminal Staff04 Jul, 2024

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Trump's Estimated Crypto Holdings Plummet by 75% Since June

Donald Trump's estimated cryptocurrency holdings have experienced a significant decline, falling by approximately 75% since early June, according to recent data. As of August 15, 2023, an address associated with the former US President held cryptocurrencies worth roughly $7,962,994, a substantial decrease from its peak value of over $30 million in early June. The address contains a diverse range of cryptocurrencies, including TROG, TRUMP, Ethereum (ETH), and Wrapped Ethereum (WETH). The most significant holdings include 210.3 billion TROG (worth approximately $1.41 million), 579k TRUMP ($3 million), 484 ETH ($1.55 million), and 377 WETH ($1.19 million). The reasons for this sharp decline are not entirely clear but could be attributed to a combination of factors such as market volatility, changes in investment strategies, or potential withdrawals. This news follows previous reports of Trump's involvement in the cryptocurrency market, including the launch of his own TRUTH Social network's token, Truth Social (TMTG).

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