Donald Trump Sells Off Crypto Holdings Worth $2.4 Million
Former president Donald Trump is divesting his crypto holdings, including Ethereum (ETH), according to blockchain intelligence firm Arkham. Trump has sold off 1,075 ETH in the last three weeks, totaling $2.4 million. However, he still has $2.2 million in various cryptocurrencies, including ETH, WETH, MAGA coin, Pepecoin, and JESUS.
Trump’s NFT Collections Struggle
Trump’s NFT trading card business has faced challenges. While his first collection saw substantial value appreciation, the second collection struggled to maintain its minting price of $99. The launch of the third collection, the “Mugshot Edition,” did not generate much interest. Less than half of the collection has been minted, and floor prices for the previous collections have plummeted.
Crypto Sell-Off Sparks Speculation
Speculation surrounds Trump’s decision to sell off his crypto holdings. Some Twitter users scolded him for not remaining dedicated to Ethereum and hodling into the new year. Others jokingly suggested that he may be pivoting to rival network Solana. However, Trump has not publicly commented on the reasons behind his sell-offs.
Hot Take: Trump Dumps Crypto Holdings Amid NFT Business Struggles
Former President Donald Trump is divesting his crypto holdings, selling off $2.4 million worth of Ethereum (ETH) in the last three weeks. Despite facing challenges with his NFT trading card business and declining interest in his collections, he still holds $2.2 million in various cryptocurrencies. The move has sparked speculation about Trump’s motivations and future plans in the crypto space.
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