With the major decline in the cryptocurrency market today, a major decline was seen in the memecoin assets of Donald Trump, the former US President and the Republican candidate in the next election.
Data shows that Donald Trump lost $12 million from the memecoins he owned today.
Memecoins in Trump's wallet have largely melted since last week. With the declines over the past week, the total value of the former president's memecoins has decreased from $ 33.15 million to $ 11 million currently.
TROG, the largest asset in the cryptocurrency wallet, lost 90% of its value in the process. While Trump has $24.7 million of the altcoin in his wallet, he currently has only $2.72 million in TROG assets, including losses in value.
However, it should not be forgotten that none of the memecoins in question were purchased by Trump himself. These assets consist of tokens sent to Trump by various cryptocurrency developers to draw attention to their projects.
Recently, there has been an increase in popularity in political-themed altcoins, especially with the approach of the US elections.
*This is not investment advice.