There were serious declines in Bitcoin and altcoins today. While BTC fell below $ 57,000, altcoins also experienced losses ranging from 5% to 10%.
Memecoins also suffered great losses in this decline. First of all, there were great losses in PoliFi-themed memecoins.
Chief among these were MAGA (TRUMP) with the theme of presidential candidate Donald Trump and Jeo Boden (BODEN) with the theme of Joe Biden.
While TRUMP has experienced a 45% decrease in the last 7 days, BODEN has experienced a 76% decrease.
With the great decline in the cryptocurrency market, there was a great decline in the memecoin assets of Donald Trump, the former US President and the Republican candidate in the next election.
According to Arkham Intelligence data, Donald Trump's crypto assets have fallen 75% since June to $7.85 million.
Memecoins in Trump's wallet have largely disappeared since June. With the decreases, the total value of the former president's memecoins decreased from 31 million dollars to 7.85 million dollars.
That's a 75% drop from its $31 million valuation at the beginning of June.
579,290 TRUMP worth $2.88 million in Trump wallet, 489.18 Ethereum (ETH) worth $1.53 million; There are TROG worth $1.46 million and 377,131 WETH worth $1.18 million.
However, it should be reminded 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.
*This is not investment advice.