Cryptocurrency portfolio linked to former President Trump may have sold $2.4 million worth of Ethereum – Arkham Data
Sell 1,075 ETH?
Former President Donald Trump appears to have sold $2.4 million (340 million yen) worth of virtual currency Ethereum (1,075 ETH). This was reported by Arkham Intelligence, a blockchain data analysis company.
According to Arkham, “Three weeks ago, Trump began transferring ETH to the Coinbase exchange after accumulating royalties from Trump Digital Trading Cards (NFTs) over several months. At its peak, the balance was $4 million.”
It looks like Donald Trump is selling his ETH.
Three weeks ago, he started sending ETH to Coinbase after months of accumulating Trump NFT royalties. His highest balance was $4 million.
Based on deposits, so far he has sold 1,075 ETH for $2.4 million. pic.twitter.com/JZzA3cS2je
— Arkham (@ArkhamIntel) December 27, 2023
Regarding the Ethereum portfolio held by Mr. Trump, according to a financial document from August this year, “the value of ETH was between 36 million and 72 million yen ($250,000 to $500,000),” but it was based on subsequent transactions. Trump NFT’s He was increasing the number of ETH he holds by earning royalty fees and launching a new ‘Mugshot Edition NFT’.
According to data from The Block, trading volume for Trump NFTs from December 17 to 24 was approximately $120,000.
Connection: Former President Trump launches new NFT ‘Mugshot Edition’ containing fragments of his suit from the time of his arrest
Trump NFTs are promoted and sold by a company called NFT INT LLC, which is not affiliated with Trump himself, the Trump Organization, or its licensor, CIC Digital LLC. Trump, meanwhile, was previously listed as “Manager, President, Secretary and Treasurer” at CIC Digital LLC and CIC Ventures LLC.
Additionally, although the official website states that NFT proceeds are not directly used for the re-election campaign, it appears that President Trump is personally receiving a portion of the proceeds.
Trump announced his candidacy for the 2024 presidential election last November.
Connection: Former US President Trump talks about NFT trading cards that sold out immediately.
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— Coin Post (Virtual Currency Media) (@coin_post) December 21, 2023
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A post-crypto portfolio linked to former President Trump may have sold $2.4 million worth of Ethereum. Arkham Data first appeared on Our Bitcoin News.
