"Trump must like it, if he can just coin for free then he will continue to make a profit."
Unlike traditional investment or trading, former President of the United States (US) Donald Trump is exposed holding eight-figure sums in various memecoins via daily airdrops from different memecoin project developers.
The event further underscored the unique confluence of politics and currency crypto which emphasizes the rise of "PolitiFi", where it is a combination of political figures and decentralized finance (DeFi).
So here can be seen some developers memecoin who sent tokens to address Trump's public Ethereum (ETH) has been successful significantly increasing his digital portfolio to over $10 million.
The journey started when the address 0x5Fc spent only $25 to buy 376,000 TRUMP tokens 10 months ago then most of the memecoins were transferred to 0xc31 whose holdings are now worth more than $5 million.
In addition to TRUMP, the BIDEN memecoin also saw unusual activity when a trader who bought a large amount of BIDEN worth $17,500 gained half of his holdings after it had grown to over $550,000.
Please note that address 0x321 not only holds $14.8 million in TRUMP but also has a large position in memecoins linked to Robert F. Kennedy Jr. called BOBBY after receiving an airdrop of 526 million BOBBY worth $180,000.
Although still not sure whether trends political figures and themes will continue to develop or not, the combination of politics and memecoins is currently the talk of the crypto market.
