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The $TRUMP memecoin — a financial asset that didn't exist on Friday afternoon — now accounts for about 89% of Donald Trump's net worth.

Why it matters: The coin (technically a token that's issued on the Solana blockchain) has massively enriched Trump personally, enabled a mechanism for the crypto industry to funnel cash to him, and created a volatile financial asset that allows anyone in the world to financially speculate on Trump's political fortunes.

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.

Where it stands: While the Biden administration broadly took the view that memecoins like $TRUMP are securities subject to SEC regulation, the incoming Trump administration has pledged to be much more crypto-friendly and to regulate such coins with a light or nonexistent touch. . .

>The $TRUMP memecoin — a financial asset that didn't exist on Friday afternoon — now accounts for about 89% of Donald Trump's net worth. >Why it matters: The coin (technically a token that's issued on the Solana blockchain) has massively enriched Trump personally, enabled a mechanism for the crypto industry to funnel cash to him, and created a volatile financial asset that allows anyone in the world to financially speculate on Trump's political fortunes. >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. >Where it stands: While the Biden administration broadly took the view that memecoins like $TRUMP are securities subject to SEC regulation, the incoming Trump administration has pledged to be much more crypto-friendly and to regulate such coins with a light or nonexistent touch. . . [Source](https://www.axios.com/2025/01/19/donald-trump-crypto-billionaire)

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[–] • 0 pt

(((Trump))) is the new (((huawk-tua girl)))

every aspect of (((cryptocurrency))) is jewish. This is your future goyim.

[–] • 0 pt

This is your future goyim.

To become a multibillionaire?!

[–] • 0 pt

To become a multibillionaire?!

You boomers sure are delusional. He cashed out and the coin dropped. He stole the money of his supporters again. He'll keep doing because his sheep are dumb. But go ahead and put your shekels in his pocket and he'll (((save))) you.

[–] • 0 pt

Looks like a to me. Lots of volatility. We're on what, day 3?