January 21, 2025

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12:00 am

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(Updated:

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MIN READ

Donald Trump Will Be The First Sitting US President to Hold Memecoins

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Contents

    Donald Trump’s public address on Arkham
    Donald Trump’s public address on Arkham

    Incoming US President Donald Trump will be the first US President to publicly hold memecoins, as revealed by his public Ethereum wallet address.

    Among the memecoins held, the largest holding is in TROG, a memecoin with the image of a frog wearing Trump’s famous red MAGA cap, of which he holds almost $3M worth. He also holds $683K in MAGA tokens on Ethereum as his second largest memecoin holding.

    The majority of the memecoins on his address are sent by memecoin developers using his public address as a sort of marketing platform to promote their tokens. This strategy is similar to how BlackRock’s BUIDL fund has also become a prime target for memecoin donations, with even popular memecoins like SPX6900 and Mog being sent in.

    BlackRock’s BUIDL Fund’s memecoin holdings
    BlackRock’s BUIDL Fund’s memecoin holdings
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