Trump's Crypto Holdings Drop 90% to $3.25 Million, Blockchain Firm Reports

Trump's Crypto Holdings Drop 90% to $3.25 Million, Blockchain Firm Reports

Blockchain analytics firm ARKAM has revealed a significant decline in the estimated crypto assets held by a wallet associated with former US President Donald Trump. According to ARKAM, the address now holds approximately $3,252,930 worth of crypto assets, a steep drop from $30 million estimated in June 2023. This represents a substantial decrease of approximately 90%. The address associated with Trump reportedly holds 2,103 billion TROG tokens (valued at $376,000), 492 ETH ($1.28 million), and 377.442 WETH ($980,000). It's important to note that these estimations are based on blockchain data and may not necessarily reflect the exact holdings of Donald Trump. The reasons behind this significant decline in crypto资产are not fully known and have not been publicly commented on by Trump or his representatives. It is worth noting that the cryptocurrency market has experienced significant fluctuations in recent months, with many assets experiencing notable declines in value. This news follows previous reports that Trump had entered the crypto markets. In June 2023, it was estimated that the wallet associated with Trump held approximately $30 million worth of various crypto assets, including Bitcoin, Ethereum, and TROG. The latest report from ARKAM indicates a major shift in the estimated crypto holdings associated with Trump. It remains to be seen whether this decline is a temporary trend or a more permanent shift in strategy. As the crypto market evolves and regulations continue to develop, it will be interesting to monitor any further developments in this space.