Former President Donald Trump Sells $2.4 Million Worth of Ether
According to blockchain data tracked by Arkham Intelligence, former President Donald Trump has sold approximately $2.4 million worth of ether. Arkham Intelligence has been monitoring this data for months and noted that Trump started sending ETH to Coinbase after accumulating Trump NFT royalties. He sold 1,075 ETH for $2.4 million based on the deposits.
Trump’s NFT Collections
In December 2022, Donald Trump released a collection of 45,000 NFTs priced at $99 each, which generated a total trading volume of 15,013 ETH ($35.4 million) on OpenSea. In April, he released another NFT collection with the same pricing. Recently, his Trump Digital Trading Cards generated $119,100 in trading volume between Dec. 17 and Dec. 24.
Behind the Scenes
NFT INT LLC handles Trump’s NFT drops and promotions, but it is not owned or controlled by him or his affiliates. The company uses his name, likeness, and image under a paid license from CIC Digital LLC. Trump has earned at least $4.9 million from NFT licensing fees and previously owned up to $5 million worth of ether.
The Recent Sales and Ether’s Performance
Arkham’s tracking of Trump’s sales coincided with ether’s recent surge of 17% over the past month. As of now, ether is trading at $2,352, experiencing a 6.1% increase in the last 24 hours.
Hot Take: Donald Trump Sells $2.4 Million Worth of Ether as NFT Collections Gain Popularity
Former President Donald Trump has made a significant move in the crypto world by selling $2.4 million worth of ether. This comes as his NFT collections continue to gain traction and generate substantial trading volumes. While Trump’s NFT drops are managed by NFT INT LLC, it’s important to note that he is not directly involved in the company’s ownership or control. With the recent surge in ether’s value, this sale further demonstrates the growing popularity and profitability of NFTs.
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