Former President Trump’s Ethereum Wallet Transfers $2.4 Million to Coinbase
An on-chain firm called Arkham Intelligence has discovered that a wallet linked to former U.S. President Donald Trump has moved more than $2.4 million worth of ether (ETH) to the crypto exchange Coinbase in recent weeks. The firm initially identified digital assets believed to belong to Trump based on financial disclosures filed by the former President in August.
Trump Sells 1,075 ETH for $2.4 Million
About three weeks ago, a wallet associated with Trump began sending Ethereum (ETH) to Coinbase after accumulating Trump NFT royalties. The wallet’s peak balance was $4 million, and according to Arkham Intelligence, Trump has sold 1,075 ETH for $2.4 million.
Looks like Donald Trump is selling his ETH.
3 weeks ago he started sending ETH to Coinbase after months of accumulating Trump NFT royalties. His peak balance was $4 million.
Based on the deposits, so far he’s sold 1,075 ETH for $2.4 million. pic.twitter.com/JZzA3cS2je
— Arkham (@ArkhamIntel) December 27, 2023
In December 2022, Trump released a collection of 45,000 NFTs priced at $99 each on the NFT marketplace OpenSea. These NFTs have generated a total trading volume of 15,013 ETH ($35.4 million). Trump also released a second NFT collection priced at $99 each in April.
Trump’s recent digital trading cards, known as Trump Digital Trading Cards, generated $119,100 in trading volume between December 17 and 24. He has now unveiled another set of digital trading cards that offer fans the chance to win perks such as dinner with him or a piece of his suit.
Trump’s Relationship with NFT INT LLC
NFT drops and promotions related to Trump were managed by NFT INT LLC under a paid license from CIC Digital LLC. However, the website for Trump’s digital trading cards clarifies that NFT INT LLC is not owned or controlled by Trump or any of his affiliates. The license for using Trump’s name and likeness may be terminated or revoked according to its terms.
Previous disclosures have shown that Trump owned up to $5 million worth of ether and earned at least $4.9 million from NFT licensing fees through his involvement with CIC Digital LLC.
Hot Take: Former President Trump Sells Ethereum Worth $2.4 Million
A wallet linked to former U.S. President Donald Trump has transferred over $2.4 million worth of ether (ETH) to Coinbase in recent weeks. The sales coincide with Trump’s accumulation of royalties from his NFTs. The peak balance in the wallet was $4 million, and it has sold 1,075 ETH for $2.4 million so far.
By
By
By
By
By