An Ethereum wallet believed to be owned by former U.S. President Donald Trump has reportedly transferred millions of dollars worth of cryptocurrency to Coinbase. The wallet, which was linked to Trump by Arkham Intelligence, has moved 1,075 ETH (worth $2.4 million) to the exchange. Previously, the wallet held a peak balance of $4 million. The transaction log shows deposits to Coinbase but does not indicate whether the funds were sold or converted to another asset.

The wallet’s balance is thought to be derived from Trump’s sales of non-fungible tokens (NFTs). These NFTs are sold through a company called NFT International LLC, which claims to operate independently of Trump. However, Trump has actively promoted the NFTs and has hosted events for buyers. The latest series of NFTs featured Trump’s mugshot photo and included a physical card with pieces of his suit.

Arkham Intelligence’s findings in August suggested that the wallet belonged to Trump, based on information from a financial statement. Forbes India also reported on Trump’s financial disclosure at that time. The wallet currently holds $1.39 million of ETH, along with $644,000 in MATIC and small amounts of other cryptocurrencies, bringing the total to $2.22 million.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Donald Trump
Companies	Coinbase, NFT International LLC, Arkham Intelligence
Currencies	Ethereum, Polygon
Securities	None