- Donald Trump’s cryptocurrency portfolio jumped $1.6 million, thanks to 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 financial markets, particularly in the cryptocurrency sector.
The rise of Trump’s cryptocurrencies
Following his election victory on November 5, data from business intelligence firm Arkham Intel indicated substantial growth in Trump’s crypto portfolio.
The rise aligns with a broader rise in cryptocurrency prices, reflecting an uptrend in the market fueled by renewed investor optimism and political speculation following his triumph.
It is interesting to note that while Bitcoin (BTC) was at the center of Donald Trump’s presidential campaign, Ethereum (ETH) emerged as a prominent element of his cryptocurrency portfolio.
Holding nearly 496 ETH coins, Trump has benefited from Ethereum’s impressive performance, with the asset surging 38% over the past 30 days.
This notable gain highlights Ethereum’s resilience and growing appeal, even as Bitcoin dominates the broader narrative.
Analysts speak out
Making the same point, crypto analyst Michael van de Poppe noted:
“A massive bullish divergence on $ETH. What is the main reason why it outperforms everything today? Government bond yields fall massively. The $ETH bull market has begun.
Source: Michaël van de Poppe/X
Van de Poppe highlighted that the current volatility in yield markets could play a central role in the future price action of Ethereum.
As Labor Market Week approaches, he suggested that weak economic data could prompt the Federal Reserve to consider further rate cuts.
This potential easing of monetary policy would likely lead to lower yields, creating a favorable environment for the ETH price to rise further.
Well, Poppe wasn’t the only one who shared this idea and thus echoing his sentiment, another analyst, Jesse Olson, added:
“Those who think #Ethereum is a dead coin could be proven wrong in the near future. $ETH’s dominance against $BTC presents a bullish divergence, a pending buy signal, and a pending MACD bullish crossover.”
Source: Jesse Olson/X
These recent market changes propelled the value of Trump’s cryptocurrency portfolio by approximately $1.6 million in just 24 hours.
This sharp increase highlights growing investor optimism, particularly 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?
Another notable aspect of Trump’s crypto portfolio involves a significant investment from Justin Sun, founder of TRON, who invested $30 million in Trump’s DeFi project, World Liberty Financial (WLF), supporting his vision of an American economy focused on blockchain.
Interestingly, the WLF token sale is primarily aimed at foreign investors, with only $30 million worth of tokens allocated to the US market.
Once this cap is reached, the US offering will close, leaving a substantial portion of the tokens reserved for international buyers.
Bitcoin and Ethereum Price Action
Bitcoin, which recently flirted with the $100,000 mark, slipped more than 5% in the past 24 hours, trading at $92,231.02 at press time.
Likewise, Ethereum has been on a downtrend, falling over 4% to $3,322.73 according to CoinMarketCap.
