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

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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.

It is important to note that these holdings are often not an active investment choice by the wallet owner. In the crypto industry, developers frequently "airdrop" large percentages of their token supply to high-profile public wallets—such as those belonging to Vitalik Buterin or Donald Trump—without their consent. This tactic is effectively a form of guerrilla marketing, designed to trick trading bots and retail investors into believing the public figure has endorsed the project.

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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.

Furthermore, while the on-paper value of these holdings may appear substantial, the realized value is often significantly lower. Because these "gifted" tokens often suffer from low liquidity, any attempt by the recipient to sell the assets would likely cause the price to crash immediately—a phenomenon known as high slippage. Therefore, the multimillion-dollar valuations cited in block explorers are often theoretical rather than cash-equivalent.

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