Does the Trump Entourage Hold $2.3T in Memecoins?

In just three days, Donald Trump and his team have gained substantial paper profits from the Official Trump (TRUMP) and Melania Meme (MELANIA) tokens, which now boast market caps of $8.8 billion and $945 million, respectively. They collectively hold approximately $40.9 billion worth of these tokens, with potential total assets reaching $2.3 trillion when including other associated memecoins. However, this wealth is largely theoretical and faces liquidity challenges due to significant ownership share and vesting schedules, limiting their ability to realize these gains without impacting market prices. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk