Trump’s crypto wallet rebounds 36% in Q3, but remains 70% down in 2025

Bitcoin surged to a record high on Monday, topping $123,000, as investors reacted to growing political and institutional support for cryptocurrency in the United States.

Donald Trump’s cryptocurrency portfolio posted a rare rebound in Q3 2025, climbing 36.6% in value to $3.1 million, according to new analysis from Finbold.

On-chain data tracked by Arkham Intelligence shows the former US president’s holdings rose from $2.27 million on July 1 to $3.10 million by September 30 – a paper gain of around $823,000.

The recovery comes after a brutal start to the year, when Trump’s wallet value collapsed 80.7% in Q1 (from $10.16 million to $1.96 million). By the end of H1, the portfolio had stabilised near $2.2 million, but overall it remains 69.5% below January levels, underscoring the volatility of Trump-linked crypto assets.

What drove the rebound?

Finbold’s report cites two main drivers behind the uptick:
• Unsolicited airdrops from meme-token projects, keen to associate themselves with Trump’s brand.
Trump-themed token frenzies, where retail promotions drive short-lived spikes in on-chain valuations.

“Much of the value reflects inflows rather than traditional investment activity,” said Diana Paluteder, co-author of the report. “It’s more a snapshot of speculative flows than evidence of an active trading strategy.”

Off-chain moves and NFT royalties

Arkham has linked the wallet to Trump via past financial disclosures and royalties from his NFT collections. However, large Coinbase-linked withdrawals suggest that funds are frequently moved or converted off-chain, leaving little to no balance behind after major inflows.

WLFI’s explosive growth

Beyond Trump’s personal holdings, his influence extends to World Liberty Financial (WLFI), a DeFi project billed as a “patriotic alternative” to Wall Street. WLFI’s reported asset value skyrocketed from $179.3m to $10.81bn in Q3 – a staggering 5,931% increase. Analysts attribute this to aggressive token issuance, thin liquidity, and politically driven enthusiasm.

While eye-catching, such figures raise sustainability questions. WLFI’s surge illustrates how Trump’s brand continues to fuel speculative narratives across crypto markets, even as risks of volatility remain high.


Amy Ingham

Amy is a newly qualified journalist specialising in business journalism at Business Matters with responsibility for news content for what is now the UK’s largest print and online source of current business news.

Amy is a newly qualified journalist specialising in business journalism at Business Matters with responsibility for news content for what is now the UK’s largest print and online source of current business news.