An Ethereum wallet associated with former President Donald Trump has reportedly transferred millions in cryptocurrency, suspected to be proceeds from sales of non-fungible tokens (NFTs). The wallet recently moved 1,075 ETH, equivalent to $2.4 million, to the cryptocurrency exchange Coinbase. Previously, the wallet had peaked at $4 million. The current value of the wallet is $2.22 million, consisting of Ethereum assets valued at $1.39 million and $644,000 held in MATIC, among other tokens.
It is important to note that the transfer of funds to Coinbase does not necessarily indicate sales or conversions to other asset types. NFT International LLC has brought Trump-themed NFTs to the market, using Donald J. Trump’s name, likeness, and image under a paid license from CIC Digital LLC. The company has released three series of NFTs, with the latest featuring Trump’s “recent arrest” and his mugshot.
In December, the former president’s ETH holdings increased by $1 million over the past month. In October, the same wallet reportedly held 1,553 ETH, valued at over $2.7 million at the time. The article does not mention any response from Donald Trump’s office regarding these developments.
As of the time of writing, ETH is trading at $2,417, representing a 9.03% increase in the last 24 hours.
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 | NFT International LLC, CIC Digital LLC, Benzinga, Coinbase, Arkham Intelligence |
| Currencies | Ethereum, Polygon, US Dollar |
| Securities | None |
