President Donald Trump’s on-chain, publicly attributed cryptocurrency holdings staged a rare recovery in the third quarter of 2025, rising 36.6% in value after a brutal start to the year. Between July 1 and September 30, the value of Trump’s wallet increased from $2.27 million to $3.10 million, a paper gain of roughly $823,000, according to analysis by Finbold research in its Q3 2025 Cryptocurrency Market Report . !function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js"); Even after the rebound, the wallet remains down 69.5% year-to-date compared with January 1. The improvement in Q3 is best understood in the context of earlier losses: in the first quarter, Trump’s holdings collapsed from $10.16 million to just $1.96 million, an 80.7% drawdown . By the end of H1 , the portfolio had stabilized around $2.2 million, still down more than three-quarters from its January levels. Why Trump’s portfolio went up in Q3 Two forces explain the uptick, and neither looks like classic “buying the dip.” First, Trump’s wallet has continued to receive inbound transfers and unsolicited airdrops. Arkham has documented how meme-token creators often send coins directly to Trump’s public address in a bid for attention, with Trump Frog (TROG) and other “frog” tokens among the examples. These inflows add to the marked-to-market wallet value without any active purchases by Trump himself. Second, speculative flows into Trump-themed tokens have surged at times. Media coverage has highlighted how Trump-branded digital assets come with their own incentives, including exclusive event access for top holders and coordinated promotional pushes. These dynamics periodically ignite rallies across the Trump-linked ecosystem, temporarily inflating the on-chain value of the assets sitting in his wallet. Is Trump managing crypto in the account? Arkham ties the wallet entity to Trump through prior financial disclosures and royalty-linked inflows from his NFT projects, but that does not prove he is the day-to-day manager. Recent Coinbase-linked activity shows that after a large deposit, just 0.05 ETH remained, suggesting that proceeds were quickly converted or moved off the address. The overall composition of holdings further supports the idea that the wallet receives value, often in the form of donations, illiquid meme tokens, or unsolicited airdrops, rather than deploying capital in any deliberate strategy. The Q3 gains should therefore be viewed as paper appreciation on inbound flows rather than fresh investments. World Liberty Financial Beyond his personal wallet, the Trump family’s footprint in crypto extends into World Liberty Financial (WLFI), a decentralized finance platform promoted as a patriotic alternative to Wall Street. Finbold research also highlighted in its Q3 report that WLFI recorded one of the most eye-catching shifts anywhere in the digital asset market in Q3, with its holdings skyrocketing from $179.3 million on July 1 to $10.81 billion by September 30, a staggering 5,931% increase in just three months. !function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js"); The surge reflects a mix of aggressive token issuance, thin liquidity, and politically charged enthusiasm. WLFI expanded its token supply dramatically during the quarter, while Trump-affiliated promotion fueled demand among supporters who see the project not only as an investment but also as a political statement. At the same time, the on-paper valuation raises questions about sustainability. Much of the $10.8 billion market capitalization is concentrated in a handful of wallets and liquidity pools, where even modest trading volumes can magnify prices. That leaves the project vulnerable to sharp swings if enthusiasm cools. Even so, WLFI’s dramatic growth highlights how Trump’s name continues to act as a powerful accelerant in speculative markets. Unlike his personal crypto wallet, which largely reflects passive inflows from NFT royalties and meme-driven transfers, WLFI is an actively promoted DeFi platform with clear political overtones. The post Donald Trump’s crypto portfolio climbed 36% in Q3, 2025 appeared first on Finbold .
