Donald Trump’s cryptocurrency wealth has dropped by more than 85% within four weeks since he began his second presidential term.
The Trump memecoin, once seen as a sign of his growing digital fortune, has lost over 85% of its value since its peak on January 20.
What was a $55 billion asset for Trump is now reduced to just above $13 billion, reflecting a loss of $42 billion in a short time.
Adding to the setback, Trump’s personal cryptocurrency investments, mostly from donated tokens, have fallen below $2.5 million, highlighting a rough start to his new term.
The official Trump memecoin has seen a $40 billion decrease in worth. After contributing $50 billion to Trump’s net worth, its value now sits at $12 billion amid a continuing downturn in the crypto market.
This meme coin is largely managed by Trump-linked companies like CIC Digital and Fight Fight Fight, which own 80% of it, and there is a token release plan set to unfold over the next three years.
Trump’s personal crypto investments have also suffered greatly, now dipping below $2.5 million from over $15 million.
His donated cryptocurrency is mainly made up of memecoins after the wallet moved out $3.2 million worth of ETH a few weeks ago.
TROG remains the top asset but has declined sharply, losing $600,000 in value recently and now standing at $1.26 million.
Trump’s own token has dropped significantly in worth, currently valued at $241,000, about one-third of its value from four weeks ago. The wallet exchanged most of its ETH, moving $3.2 million from the donated portfolio.
On-chain data shows that nearly all ETH worth $3.2 million was sent to Coinbase Prime for staking.
Trump’s DeFi project, World Liberty Financial (WLFI), has seen a boost after a slow start. The initial fundraising goal was $300 million, later adjusted to $30 million. Despite this reduced target, WLFI struggled until crypto entrepreneur Justin Sun invested $30 million for an advisory role.
WLFI’s token sale generated $52.95 million from the sale of 3.43 billion WLFI tokens.
According to the project’s report, Trump’s company, DT Marks DEFI LLC, will receive 75% of the net revenue from this sale, which could enhance his crypto portfolio significantly.
Memecoins now account for over 70% of Trump’s cryptocurrency holdings. His portfolio includes various digital assets like ETH, Ripple (XRP), USD Coin (USDC), and several memecoins.
A filing on October 15 revealed that memecoins made up over 70% of all contributions to Trump’s campaign. Between July 1 and September 30, 2024, the campaign raised $7.85 million in cryptocurrency donations.
Data shows that Trump’s portfolio does not contain Bitcoin (BTC), even though he expressed interest in using it to pay off the national debt.
