Donald Trump does not hoard, he sells his cryptocurrencies. In fact, he has just sold more than half of his holdings in Ethereum. Arkham Intelligence, which got wind of Trump’s recent ether movements, made the revelation. Details !
Trump sold 1,075 ETH
Donald Trump, former President of the United States and author of three NFT collections (the last of which was released in mid-December 2023, the second in April and the first in December 2022), would have approximately $5 million in ETH, according to Citizens for Responsibility and Ethics. The non-fungible tokens launched in its image have largely contributed to the creation of this great jackpot in cryptocurrencies, specify the members of this organization.
“ It appears that Donald Trump is selling his ETH.
3 weeks ago, he started sending ETH to Coinbase after months of Trump NFT royalty accumulation. Its maximum balance was $4 million.
Based on deposits, he has sold 1,075 ETH so far for $2.4 million. »
In a recent publication, The Block relayed the data from this tweet from Arkham highlighting the latest movements of Donald Trump’s crypto portfolio. Apparently, the ex-POTUS has parted ways with more than half of his Ethereum holdings. Knowing that Arkham Intellience valued its treasure at $4 million.
The 1,075 ETH sold by Trump were worth $2.4 million at the time the tweet was published. But when we took a look at CoinGecko, we noticed that ether increased by 4.8% in 24 hours. Trading at $2,397.12 per coin at the time of writing, all of the ETH sent by Donald Trump to Coinbase is worth $2.57 million.
How much ether does he really have?
Arkham Intelligence and Citizens for Responsibility and Ethics, which of these two institutions is right? In fact, Arkham claims to have taken information from Donald Trump’s December financial statements. In addition, he was able to identify that these ethers were already present in the crypto wallet of this real estate mogul since August.
Citizens for Responsibility and Ethics in Washington also confirms that he is both manager, president and secretary of CIC Digital LLC and he has $4.9 million in Ethereum. Let us also point out that CIC Digital LLC, like The Trump Organization and Donald J. Trump himself, could be the manager of NFT INT LLC, the company which is responsible for promoting Trump’s digital collectible cards.
However, on its official website, we can read this:
“ NFT INT LLC uses the name, likeness and likeness of Donald J. Trump under a license paid for by CIC Digital LLC, which license may be terminated or revoked in accordance with its terms. »
Note that Trump’s latest collection of NFTs, the “Trump Digital Trading Cards”, the one released at the beginning of this month, generated a trading volume of $119,100 between December 17 and 24. People apparently love it.
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