Inside Trump’s Meme Coin Empire: Exploring His Crypto Wallet and Future Investment Potential
December 12 2024 - 9:18AM
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As well as cleaning up in the Electoral College, Donald Trump also
seems to be doing rather bullishly with his cryptocurrency account.
And now, observers are wondering if Wall Street Pepe ($WEPE) is
next on his radar. Despite his past talent for bankrupting
businesses, Trump’s crypto account seems to be bucking trends by
performing rather well so far. According to Arkham, he currently
holds almost $10M in crypto assets, with $TROG being the biggest
one by far (almost $3.9M). This is notable as his preferred
cryptocurrency has always seemed to be Ethereum ($ETH). But could
his next target be Wall Street Pepe ($WEPE)? Given his political
inclination to buck trends, break rules, and upset the apple cart,
what $WEPE is trying to accomplish in the crypto markets may
resonate with his team. After all, $WEPE is based on turning the
tables on Wall Street whales, and letting the small investors make
their potential fortune. This rule-bucking and trend-breaking could
be what appeals to the President-elect, as he prepares to take
office in just over a month from now. $WEPE is doing remarkably
well at the moment with a market cap of almost $40M and a price
steadily going up by the day. Presales have hit $3.5M with 5.2B
tokens already bought and locked up. Future annual yields are
currently estimated to be just over 150%. Social media buzz is also
helping to propel $WEPE and boost presales, as it prepares to
officially launch in just four days from now. All of this meme coin
buying enthusiasm comes as Trump’s crypto platform, World Liberty
Financial, embarks on a big crypto spending spree. Ethereum ($ETH)
prices surged as WLF bought $10M of the tokens, as well as $1M in
both aave ($AAVE) and Chainlink’s $LINK tokens. This is on top of
another $30M spent in Ethereum ($ETH) in the past 12 days, and his
close buddy Elon Musk using his X platform to push
cryptocurrencies. Buying $LINK tokens is also worth noting, as
Trump’s World Liberty Financial uses Chainlink’s infrastructure. So
it’s reasonable to assume that his big investment in the company is
based on the best interests of his own fledgling crypto company.
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