Unveiling the mystery: Former President Donald Trump might have sold approximately 1,075 ETH, valued at about $2.4 million.
This article delves into the intriguing details of Trump's involvement with Ethereum and his actions on the Coinbase platform, as revealed by Arkham Intelligence.
Discover the significance of these moves and their impact on the cryptocurrency landscape.
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Continuous ETH Transfers to Coinbase Linked to Donald Trump
A recent report by blockchain analysis firm "Arkham Intelligence" suggests that former U.S. President Donald Trump might have sold approximately 1,075 ETH, equivalent to around $2.4 million.
Donald Trump had been selling an official NFT collection named "Trump Digital Trading Cards," which came with multiple perks.
Three weeks prior, there were indications of Trump transferring his ETH holdings to the cryptocurrency exchange "Coinbase."
Based on the deposit amount, it is reported that Trump seems to have sold ETH worth approximately $2.4 million.
Donald Trump Appears to Have Sold ETH
Donald Trump began transferring ETH to Coinbase about three weeks ago, following several months of accumulating royalties from his Trump NFTs.
At its peak, his balance was around $4 million. Based on the deposit amount, it appears that Donald Trump has sold about 1,075 ETH for $2.4 million.
Financial records released in August this year indicated that Trump owned cryptocurrency assets valued between $250,000 and $500,000.
However, it has been reported that he continued to increase his ETH holdings through NFT sales and the associated royalties.
According to data released by Arkham, Trump's wallet continued to transfer ETH to Coinbase, including a recent transfer of 250 ETH post-report.
At the time of writing this article, Trump's wallet still holds approximately 339 ETH, about 273 WETH, and roughly 4,582 MATIC, among other cryptocurrencies, drawing attention to his future movements in this sector.
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