Analysis Suggests Donald Trump Selling Ether
A recent analysis by crypto intelligence firm Arkham reveals that former U.S. President Donald Trump is selling off his ether holdings. According to the firm, Trump has been sending his cryptocurrencies to Coinbase after accumulating them from the sale of non-fungible tokens (NFTs). The analysis indicates that Trump’s peak balance reached $4 million, and he has sold 1,075 ETH for $2.4 million so far. However, since the report, an additional 250 ETH has been transferred to Coinbase, bringing the total transferred to over $3 million.
Trump’s NFT Collections
Donald Trump has launched three NFT collections to date. The most recent collection, called the Mugshot Edition, includes physical cards and offers customers the chance to own a fragment of the suit he wore in his mugshot and attend a gala dinner at his Mar-a-Lago home. His first two collections were digital card sets featuring artwork related to his life and career. Trump’s involvement in NFTs became public when he disclosed that the company licensing his image on NFTs held a cryptocurrency wallet containing at least $1 million in ethereum.
Hot Take: Trump Enters the Crypto Market, Cashes In
Former U.S. President Donald Trump’s foray into the crypto market has been an interesting development. His involvement with non-fungible tokens (NFTs) has allowed him to accumulate millions of dollars worth of ether. Now, it seems he is capitalizing on his crypto holdings by selling off a substantial portion of his ether. This move not only highlights the growing popularity and value of NFTs but also demonstrates how even prominent figures like Trump are embracing the crypto market. As NFTs continue to gain traction and capture the attention of investors and collectors, Trump’s involvement adds another layer of interest to this burgeoning industry.
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