Today's significant downturn in the cryptocurrency market has had a notable impact on the memecoin assets owned by Donald Trump, the former US President and Republican candidate in the upcoming election.

According to data analysis, Donald Trump experienced a substantial loss of $12 million from his memecoin holdings today alone.

The memecoins residing in Trump's digital wallet have experienced a considerable decline in value since last week. This downward trend has led to a drastic reduction in the total value of the former president's memecoin portfolio, plummeting from $33.15 million to its current standing at $11 million.

Adding to the narrative, Tether (USDT) recently made headlines by announcing a substantial $1 billion investment.

Among Trump's cryptocurrency assets, TROG stands out as the largest asset in his digital wallet. However, it has suffered a staggering 90% devaluation during this market downturn. While Trump initially held $24.7 million worth of TROG, the current value stands at only $2.72 million, accounting for losses incurred during this period of market volatility.