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Donald Trump Airdropped half of TROG Memecoin Supply – Holds $31 Million in Crypto

Published May 28, 2024 10:46 AM
Giuseppe Ciccomascolo
Published May 28, 2024 10:46 AM

Key Takeaways

  • Donald Trump’s crypto wallet is worth around $31 million.
  • The recent airdrop of TROG boosted Trump’s holdings value.
  • Many other celebrities have massively invested in crypto over the years.
  • Surprisingly, Elon Musk is not among them.

Donald Trump‘s cryptocurrency holdings have been revealed, and they top $31 million, positioning the Republican candidate for the White House as one of the most famous US people holding digital assets. Most of his crypto fortune is linked to the memecoins MAGA and TROG, which has just airdropped him with a huge amount of coins.

But the former US President is in good company among celebrities holding cryptocurrencies, as rappers, actors, sports personalities, and influencers have invested in digital currencies over the years.

Trump Holds $31 Million In Crypto

As of June 5, former US President Donald Trump’s cryptocurrency portfolio reportedly exceeded $31 million. This surge in value was primarily driven by the memecoin MAGA (TRUMP) .

According to data  from Arkham Intel, Trump’s holdings in the $TRUMP cryptocurrency alone are valued at $7.6 million, constituting the bulk of his cryptocurrency investments. In addition, Trump holds over 471 Ethereum (ETH) tokens, currently valued at $1.8 million.

It’s worth noting that Trump does not own any Bitcoin (BTC), though this has never publicly been acknowledged.

Trump's crypto holdings value
Trump’s crypto holdings value. l Source. Arkham

Trump’s holdings received a boost a few days ago when the developer team behind TROG airdropped half of the supply to the Republican candidate. The token has reached a market value of over $34.3 million. Given the large amount of TROG he holds, it is improbable that Trump could sell it at market value, assuming he is even aware of its existence, according  to experts.

TROG leverages the enduring popularity of frog-themed memecoins like PEPE, while incorporating elements of Trump’s political branding. According to its creators, TROG  is a fusion of meme culture and financial strategy, designed to capture the humor and investment potential within the crypto market.

Other Celebrities Investing In Digital Currency

Beyond Trump, several other celebrities have shown a growing interest in cryptocurrencies, though it remains unclear if they all directly hold digital currencies. Among those with known crypto wallets, famous rapper Snoop Dogg  has a combined value of crypto and NFTs amounting to $3.1 million.

In the top five celebrity crypto holders, ice hockey player and author Zach Hyman  ranks second with holdings worth $1.3 million. He’s followed by the entrepreneur Mark Cuban , with a crypto wallet valued at just over $1.2 million.

The fourth-ranked celebrity is investor and entrepreneur Gary Vaynerchuk , whose crypto holdings total around $1.0 million. Close behind is DJ and music producer DJ Marshmellow , with a portfolio valued at $965,660.

Other notable celebrities holding crypto include Justin Bieber and Neymar Jr. The Canadian singer’s portfolio is worth over $560,000, with Ethereum (ETH) making up approximately 10% of the total. The Brazilian soccer star holds over $460,000 in digital assets, with Ethereum (ETH) and ApeCoin (APE) comprising about 85% of his portfolio.

American television host Jimmy Fallon and Hollywood actor Kevin Hart are part of the crypto ecosystem. Fallon owns almost $140,000 worth of crypto, while Hart has approximately $50,000 in digital currencies.

30-Largest Digital Asset Holder Celebrities

Holder Profession Portfolio Value
1. Donald Trump Politician and entrepreneur $31,869,365
2. Snoop Dogg Rapper $3,098,195
3. Zach Hyman Ice hockey player and book writer $1,330,000
4. Mark Cuban Entrepreneur $1,240,000
5. Gary Vaynerchuk Investor and entrepreneur $1,020,000
6. DJ Marshmellow DJ and music producer $965,66
7. Paul Logan YouTuber $905,572
8. Alexis Ohanian Entrepreneur $853,609
9. Steve Aoki DJ and record producer $790,084
10. Beeple Artist $708,136
11. Bill Murray Actor & Ghostbuster $684,343
12. Post Malone Rapper $464,754
13. Neymar Jr. Footballer $462,724
14. Lil Baby Rapper $342,098
15. The Chainsmokers Music band $332,344
16. Paris Hilton Media personality $322,170
17. Faze Banks YouTuber and Esport personality $285,291
18. Serena Williams Former tennis player $272,759
19. LaMelo Ball Basketball player $245,635
20. Justin Bieber Singer $219,128
21. Stephen Curry Basketball player $219,128
22. Dillon Francis DJ and record producer $178,913
23. Jimmy Fallon TV show host $176,807
24. Jay Z Rapper and music producer $139,238
25. Heidi Klum Model and TV personality $115,733
26. Gwyneth Paltrow Actress $104,580
27. Kevin Hart Actor and comedian $98,230
28. Madonna Singer and songwriter $96,046
29. Future Rapper $91,071
30. Eminem Rapper $82,868

Table created by CCN based on Dappradar  figures.

Why Elon Musk Doesn’t Rank

If you’re wondering why the most famous crypto advocate, Elon Musk, doesn’t rank among the largest-holding celebrities, it’s because he doesn’t directly own huge amounts of cryptocurrencies. Musk primarily trades digital assets through his companies, namely Tesla and SpaceX

“I still own a bunch of Dogecoin, and SpaceX owns a bunch of Bitcoin,” Musk said  during an X Spaces broadcast, referring to his rocket company.

Musk's tweet
Source: Elon Musk’s X account

In a recent tweet , Musk clarified his personal holdings: “I still only own 0.25 BTC, which a friend sent me several years ago. Don’t have any crypto holdings.”

As for his companies, Tesla holds approximately 11,510 BTC – worth roughly $780 million – spread across 68 addresses. SpaceX owns around 8,290 BTC, valued at approximately $560 million, distributed across 28 addresses, as of the end of April 2024, according to the most recent available data .

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