JAKARTA - An interesting phenomenon occurred in the world of crypto assets when former US President Donald Trump announced a dramatic increase in his crypto portfolio. In a short period of time, Trump's crypto asset value jumped to 31.23 million US Dollars (approximately IDR 508 billion), a figure describing the unexpected dynamics of the crypto market.
Quoted from BitcoinNews, according to recent data from Arkham Intelligence, Trump's crypto portfolio has experienced significant growth in the last five days, with a recent increase in value attributed to a donation of meme coins known as TROG or Trump Frog. This meme coin, which combines elements of popularity with politics, has experienced a 77% appreciation of the US dollar in just one day.
Trump's TROG ownership now exceeds his TRUMP coin collection, with a TROG value of 18.6 million US Dollars (approximately IDR 302 billion). Meanwhile, TRUMP's coin collection is priced at 7.51 million US Dollars (approximately IDR 122 billion), making TROG the largest asset in Trump's crypto wallet by value. However, TROG isn't the only meme coin supporting Trump; it also accepts donations in the form of other tokens worth hundreds of thousands of dollars.
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In addition to TROG, Trump has other crypto assets such as the US$439,000 (approximately Rp7.1 billion), CONAN worth 190,210 US Dollars (approximately Rp3 billion), and ELON worth US$145,630 (approximately Rp2.3 billion). He also owns a BABYTRUMP worth 134,620 US Dollars (approximately Rp2.1 billion) and a MAGA collection worth US$80,120 (approximately Rp1.3 billion). In addition, Trump's crypto wallet also contains 107 non-fungible tokens (NFT) of 16 different collections, including NFT Milad #3595 which is only worth 50 US Dollars (approximately Rp814,100) and is the highest-valued NFT in its holdings.
The sharp increase in Trump's crypto portfolio reflects the appeal and influence of meme coins in the crypto world. This phenomenon shows how coin donation and appreciation can drastically change a person's wealth in a short time. With the upcoming presidential election, attention to Trump's crypto portfolio is likely to continue to grow, as speculations about its impact on its political campaigns.
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