Donald Trump’s crypto holdings, including $TRUMP memecoin, worth $58 billion..

 

TRUMP  ‘memecoin’ released by US President-elect Donald Trump ahead of his Monday inauguration, now reportedly accounts for 89% of his ‘net worth.

“After another massive overnight rally, as of Sunday morning, Trump’s crypto holdings were worth as much as $58 billion on paper, enough – with his other assets – to make him one of the world’s 25 richest people. A break-up by Axios shows $TRUMP is worth $56.6 billion, his DJT stocks are worth $4.6 billion, and all other assets are worth $2.6 billion, totalling $63.8 billion.

200 million coins being actively traded

Further, the website noted that around 200 million (20 crore) of the 1 billion (100 crore) $TRUMP coins have already been released and are being actively traded. The rest, owned by Trump-controlled entities, will be available to be sold at various points over the next three years, beginning April.

On average, Trump’s companies will be able to sell around 24 million (2.4 crore) $TRUMP coins per month, amounting, at the current prices, to a monthly income of $1.73 billion or yearly one of ₹20.76 billion.

Meanwhile, his spouse Melania Trump, launched her own MELANIA coin Sunday night, almost immediately achieving a market capitalization of above $5 billion.