Inside Trumps Meme Coin Empire: Exploring His Crypto Wallet and Future Investment Potential
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, Trumps 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 $WEPE and boost presales, as it prepares to officially launch in just four days from now.
All of this meme coin buying enthusiasm comes as Trumps crypto platform, World Liberty Financial, embarks on a big crypto spending spree. Ethereum ($ETH) prices surged as WLF bought $10M of the tokens, as well as $1M in both aave ($AAVE) and Chainlinks $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 Trumps World Liberty Financial uses Chainlinks infrastructure. So its reasonable to assume that his big investment in the company is based on the best interests of his own fledgling crypto company.
Text source: NewsBTC
