Former President of the United States of America, Donald Trump, revealed that his cryptocurrency investments have risen by 20 million US dollars after the TROG token airdrop.
From comments on social media and statements from Trump’s affiliated publishers, it is possible to conclude that the TROG developer team gave Trump’s holdings a nice boost by airdropping the token and distributing half of its supply to Trump. The increase in value proves the versatility and shows how such a distribution event can affect the crypto market.
Unexpected Windfall: TROG Airdrop Boosts Trump’s Crypto Holdings
The analysis conducted by Arkham Intelligence indicated that the total value of the airdrop has exceeded $12 million. Nevertheless, Trump may decide to retain the tokens to influence the market. Another curious fact is that the share of cryptocurrency in the billionaires’ assets rose unexpectedly during the year, which proves that this kind of asset has already become a customary part of portfolios and is not limited to middle-class people but also concerns the representatives of the next generation of the wealthiest people of the USA, such as Donald Trump.
A screencap posted by Arkham Intelligence indicates the diverse spectrum of digital assets that Trump owns, which can help understand Trump’s modus operandi as an investor in the cryptocurrency market. Some of these fixtures include $7. As many as 9 million TRUMP coins and $1. 8 million worth of ETH further prove that the work’s portfolio is not limited to the top initial cryptocurrencies.
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TROG, for instance, is a new cryptocurrency associated with memes that recently hit the market, intending to combine humor with managerial thinking. The project has experienced high demand amongst non-mainstream and purely speculative digital tokens that aim for investment and in the trading sphere. Shifting the focus back to zoom in on the decentralized tokenized economy, the increase in value from the airdrop shows that meme-based tokens can disrupt financial markets.
According to the statistics of Rise, Fall, and Trends of Cryptocurrencies on CoinmarketCap, the price of TROG rose by 210% within one day and is $0. 0001086 at the time of writing for its software at the time of writing. This rise could even increase the worth of Trump’s assets, given that the cryptos are in a cycle that reveals a lot of prospects for a bull run in the following days.
Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.