Trump holds $7 million in crypto: Arkham Intelligence

President-elect of the United States Donald Trump announced that he holds $7.2 million in multiple cryptocurrencies. This is further proof that he is pro-crypto.

On November 25, the 47th President of the United States held digital assets in cryptocurrency worth approximately $7.2 million, according to data from Arkham Intelligence. On June 6, it had $26 million worth of cryptocurrency but fell to $17 million a few days later.

Its most significant holding on cryptocurrency is the meme coin Trog (TROG), which has 210 billion coins equal to $1.86 million. At the time of this writing, TROG prices have increased from $0.000002008 to $0.000008914, an increase of 343% in the last 24 hours.

The most exciting part is that TROG is larger than Ethereum (ETH) at $1.7 million, and the average price of Ethereum is $3,401. WETH (WETH) became the third largest cryptocurrency held with 478 WETH worth $1.63 million.

One million of the cryptocurrency is the eponymous themed coin, equal to $579,000 or $1.03 million. He mostly holds meme coins, including GUA, TUA, PUPPIES, and CZAR. Among those on the top list, Bitcoin (BTC) was not listed as the largest cryptocurrency held.

Trump’s move towards crypto

Although he was known as an anti-cryptocurrency when he was not re-elected as US President in 2021, he is now one of the most important names in the crypto industry.

Heading into this year’s election, he finally turned pro-crypto by attending the Bitcoin Conference 2024 in Nashville. If re-elected, he shares the pro-crypto program that includes the Bitcoin Strategic Reserve and is backed by multiple Republican senators to propose the idea to Congress.

Now, he has been re-elected to the White House and has chosen several names for his cabinet, including Robert F. Kennedy Jr. and Elon Musk, some of whom have been described as pro-crypto. Trump also named Scott Bessent as Treasury Secretary, whom he described as “the most pro-crypto treasury we’ve ever seen.”