Former President Donald Trump Sells $2.4 Million Worth of Ethereum
According to blockchain intelligence firm Arkham Intelligence, former U.S. President Donald Trump has sold a significant amount of Ethereum, totaling $2.4 million. Arkham Intelligence shared a screenshot of a crypto wallet’s transaction history, suggesting that it belongs to Trump. The wallet had been accumulating Trump NFT royalties before sending ETH to Coinbase and subsequently selling 1,075 ETH for $2.4 million.
Identification of Trump’s Crypto Wallet
Arkham Intelligence previously identified the wallet as belonging to Trump and confirmed this speculation after the recent transactions. Trump himself had acknowledged owning a crypto wallet with up to $5 million worth of Ethereum earned from NFT licensing fees.
Criticism of Trump and Biden’s Understanding of Crypto
Both Donald Trump and President Joe Biden have faced criticism for their lack of understanding regarding cryptocurrency. Representative Dean Phillips highlighted the scarcity of expertise in Congress on these topics and questioned whether Trump and Biden were the right leaders to navigate the future of digital assets.
Trump’s “MugShot” Edition NFT Collection
Recently, Trump introduced his “MugShot” edition NFT collection, referencing his previous arrest. Buyers who purchase a certain number of these digital trading cards will have the opportunity to have dinner with Trump and receive a piece of the suit he wore during his arrest.
Hot Take: Donald Trump Cash Out
Former U.S. President Donald Trump has reportedly sold a substantial amount of Ethereum, totaling $2.4 million. This move comes after months of accumulating Trump NFT royalties in his crypto wallet. While some may criticize Trump’s understanding of crypto, his involvement in the space continues to attract attention. With the recent sale of his Ethereum, it remains to be seen what other moves Trump will make in the digital asset world.
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