Trump’s ETH transactions surge following NFT success
Key Takeaways
- Trump has transferred 1,075 ETH to Coinbase since December 8, based on proceeds from NFT sales.
- The move marks a significant change from his previously negative stance on cryptocurrencies.
- The deal coincides with his 2024 presidential campaign.
Former U.S. President Donald Trump took an active role. Transfer a significant amount of Ether (ETH) to Coinbase. This activity is his A successful venture into the world of non-fungible tokens (NFTs)Includes a collection featuring his infamous mugshot.
Arkham, a blockchain intelligence company, said that Trump’s associated wallets have been available since December 8. Approximately 1,075 ETH was moved, valued at approximately $2.4 million.To Coinbase via: 13 individual transactions. These transfers varied in size, including: Place 100, 125, 200 ETH.
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In particular, Trump’s involvement in cryptocurrency is noteworthy. Significantly different from the previous position.
In August 2021, he defended the U.S. dollar’s role in the country’s economic power, dismissing digital currencies as “fake” and “a disaster waiting to happen.” However, his ETH balance is Growing from OctoberIt peaked at $4 million before he began liquidating his holdings.
The timing of this deal is very interesting, considering that President Trump announced: Running for President in 2024.
But his campaign faced a setback with a recent ruling from the Colorado Supreme Court. keep him off the state ballot. Despite these challenges and initial skepticism, here’s what Trump has been involved with in the cryptocurrency market through his NFT collection and subsequent ETH trading. Subtle changes in financial strategy.
It’s worth noting that Donald Trump has done this before. We have launched several NFT collections.Includes Trump Digital Trading Cards Part 1 and Part 2.
Donald Trump’s recent cryptocurrency moves highlight a surprising shift in his attitude toward digital assets. As he navigates the complexities of the upcoming election, his actions in the cryptocurrency market will undoubtedly be closely watched by enthusiasts and skeptics alike.
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