According to on-chain firm Arkham Intelligence, a wallet linked to former US President Donald Trump has moved more than $2.4 million worth of ether (eth) to the Coinbase cryptocurrency exchange in recent weeks.
Arkham Intelligence had initially identified digital assets believed to belong to Trump in August, basing its findings on financial disclosures filed by the former president earlier that month.
Trump's ethereum Wallet Shows Sales Totaling $2.4 Million
About three weeks ago, a wallet associated with former US President Donald Trump began sending ethereum (eth) to Coinbase, after months of accumulating Trump nft royalties.
The maximum balance in the wallet reached 4 million dollars. According to Arkham Intelligence, based on deposits, Trump sold 1,075 eth for $2.4 million.
It appears that Donald Trump is selling his eth.
3 weeks ago he started sending eth to Coinbase after months of accumulating Trump nft royalties. Its maximum balance was 4 million dollars.
According to deposits, he has so far sold 1,075 eth for $2.4 million. pic.twitter.com/JZzA3cS2je
– Arkham (@ArkhamIntel) December 27, 2023
In December 2022, Donald Trump launched a collection of 45,000 NFTs priced at $99 each, which has accumulated a total trading volume of 15,013 eth ($35.4 million) on the OpenSea nft marketplace. In April, Trump launched a second collection of NFTs priced at $99 each.
Trump Digital Trading Cards generated $119,100 in trading volume between December 17 and December 24.
Recently, Trump unveiled another set of digital collectible cards that offer his fans the chance to win perks like dinner with him or a piece of the suit he was wearing when he was arrested by Georgia police after being indicted in August.
Meanwhile, recent sales tracked by Arkham coincide with a 17% increase in ether over the past month. ethereum, the world's second-largest cryptocurrency by market cap, was trading at $2,376 at the time of writing, up 6.7% in the past 24 hours.
Trump's connection to nft INT LLC
The nft drops and promotions associated with Trump were handled by nft INT LLC, which operates under a paid license from CIC Digital LLC.
The Trump Digital Trading Cards website clarifies that nft INT LLC is not owned, managed or controlled by Donald J. Trump, The Trump Organization, CIC Digital LLC, or any of their respective directors or affiliates. The license to use Trump's name, likeness and likeness may be terminated or revoked under its terms.
Trump was previously listed as manager, president, secretary and treasurer of CIC Digital LLC, according to disclosures published by Citizens for Responsibility and Ethics in Washington. These documents revealed that the former president owned up to $5 million in ether and had earned at least $4.9 million from nft licensing fees.
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