First Sitting U.S. President to HODL meme coins
Republican Party leader and billionaire businessman Donald Trump will be the first sitting US president to hold meme coins.
Magic Internet money perhaps, but the president has it.
Once sworn in as the 47th President of the United States, Donald Trump would be the only sitting American leader in history to hold meme coins.
Arkham reported about $8 million worth of meme coins in Donald Trump’s crypto wallet. White House returnee holds $5.5 million worth of TROG tokens, $1.5 million worth of a TRUMP meme, 1.3 billion GUA coins worth nearly $400,000 and $167,000 TRUMPIUS.
Donald Trump was a crypto-skeptic. This changed in 2024 when the Republican president publicly supported Bitcoin (BTC) and is committed to defending the right to own Bitcoin.
The tycoon launched non-fungible tokens on the Ethereum network, earning thousands of dollars in Ether (ETH) from NFTs. His wallet contained 496.77 ETH, worth approximately $1.6 million at the time of publication.
Many expect and hope that the Trump administration will introduce a clear regulatory regime for digital assets. Donald Trump’s nominees like Paul Atkins for SEC Chairman and nominations like crypto czar David Sacks suggests elements of a cryptography-centric approach.
Industry executives would also donate at Trump’s inauguration and pressured him to sign an executive order within his first 100 days in office. The requested order would create a Bitcoin reserve in the United States.
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