- Donald Trump’s crypto portfolio rose by $1.6 million, driven by Ethereum’s 38% monthly rally.
- Justin Sun invested $30 million in Trump’s blockchain-focused DeFi project, World Liberty Financial.
Donald Trump’s recent presidential victory has sparked a notable reaction in the financial markets, especially within the cryptocurrency sector.
Trump’s crypto holding rises
After his election victory on November 5, data from a market intelligence agency Arkham Intel indicated substantial growth in Trump’s crypto portfolio.
This rise joined a broader rally in cryptocurrency prices and reflects an upward market trend fueled by renewed investor optimism and policy speculation in the wake of its triumph.
Interestingly, Bitcoin [BTC] has been a focal point of Donald Trump’s presidential campaign, Ethereum [ETH] emerged as a highlight in his crypto portfolio.
With nearly 496 ETH coins, Trump has benefited from Ethereum’s impressive performance, with its assets rising 38% over the past 30 days.
These remarkable gains underscore Ethereum’s resilience and growing appeal, even as Bitcoin dominates the broader narrative.
Analysts weigh in
I’m noticing the same thing, crypto analyst Michael van de Poppe noted,
“A huge bullish divergence on $ETH. What’s the main reason it’s outperforming everything today? The interest rate on government bonds is falling enormously. The $ETH bull market has begun.”
Source: Michaël van de Poppe/X
Van de Poppe emphasized that current volatility in interest rate markets could play a crucial role in shaping Ethereum’s future price movements.
As Labor Market Week approaches, he suggested that weak economic data could prompt the Federal Reserve to consider additional rate cuts.
This potential monetary policy easing would likely push yields lower, creating a favorable environment in which the price of ETH could rise further.
Well, Poppe wasn’t the only one who shared this insight and so, echoing his sentiment, another analyst said: Jesse Olson added,
“Those who think #Ethereum is a dead coin may be proven wrong in the near future. The dominance of $ETH vs. $BTC has a bullish divergence, an upcoming buy signal and an upcoming MACD bullish crossover.”
Source: Jesse Olson/X
These recent market shifts have boosted the value of Trump’s cryptocurrency portfolio by approximately $1.6 million in just 24 hours.
This sharp increase highlights the growing optimism among investors, especially regarding Ethereum and other digital assets within its holdings, as they benefit from the prevailing bullish sentiment in the crypto market.
How is the founder of TRON involved in this?
Another notable aspect of Trump’s crypto portfolio involves a significant investment by Justin Sun, founder of TRON, who has invested $30 million in Trump’s DeFi project, World Liberty Financial (WLF), in support of his vision of a blockchain-powered U.S. economy.
Interestingly, the WLF token sale is mainly aimed at offshore investors, with only $30 million worth of tokens allocated to the US market.
Once this limit is reached, the US supply will close, leaving a significant portion of the tokens reserved for international buyers.
Bitcoin and Ethereum price action
Bitcoin, which recently flirted with the $100,000 mark, is down more than 5% in the past 24 hours. trade at $92,231.02 at the time of writing.
Similarly, Ethereum has followed a bearish trend, falling over 4% to $3,322.73. CoinMarketCap.
Credit : ambcrypto.com
