Donald Trump’s Ethereum Wallet Transfers Funds to Coinbase
According to on-chain data, a crypto wallet associated with former U.S. President Donald Trump has moved millions of dollars worth of Ethereum to Coinbase. The wallet, which has been collecting royalties from Trump’s NFT collection for months, transferred 1,075 ETH (approximately $2.4 million) to the centralized exchange.
The purpose behind this transfer is unclear. However, it is revealed that the wallet still holds multiple cryptocurrencies valued at over $2.2 million. The majority of the funds are in ETH (around $1.4 million), followed by WETH (approximately $650,000) and the TRUMP token (about $177,000). At its peak, the wallet held about $4 million worth of various cryptocurrencies.
Release of “Mugshot Edition” NFT Collection
Interestingly, this transfer coincides with the launch of a new NFT collection called the “Mugshot Edition.” The collection features non-fungible tokens showcasing an infamous mug shot of Trump taken after his booking in an Atlanta-area jail. These charges were related to an alleged conspiracy to overturn Georgia’s election results.
Hot Take: Trump’s ETH Sale and NFT Collection
Former President Donald Trump’s Ethereum wallet has made headlines as it transferred millions of dollars worth of ETH to Coinbase. The purpose behind this move remains unclear, but it comes as Trump introduces a new NFT collection called the “Mugshot Edition,” featuring his infamous jail booking photo. This development raises questions about Trump’s involvement in the crypto space and his potential motivations for selling ETH. As the wallet still holds significant cryptocurrency holdings, it will be interesting to see how Trump’s crypto journey unfolds in the future.
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