Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis Indicates

Former US President Donald Trump Is Selling ETH Worth Millions of Dollars, Analysis Indicates

An analysis by crypto intelligence firm Arkham indicates that Donald Trump, the 45th President of the United States, is selling millions of dollars in ether acquired from selling his non-fungible token (NFT) collections. The analytics firm also revealed that Trump’s highest crypto balance reached $4 million. Based on deposit analysis to date, the former U.S. president has sold 1,325 ETH, totaling over $3 million.

Donald Trump Selling Ether, Analysis Suggests

Crypto intelligence firm Arkham shared an analysis on social media platform X on Thursday, revealing the amount of ether former U.S. President Donald Trump appears to have sold.

“Looks like Donald Trump is selling his ETH,” the firm wrote, adding that three weeks ago, the former U.S. president started sending his cryptocurrencies to Coinbase after months of accumulating from the sale of non-fungible tokens (NFTs). “His peak balance was $4 million,” the firm added, noting that based on the deposits, Trump has sold 1,075 ETH for $2.4 million so far. However, 250 more ETH have been transferred to Coinbase since Arkham’s post. At the time of writing, the total transferred amounted to more than $3 million.

Arkham previously identified a crypto wallet linked to Trump based on public disclosures.

Trump has launched three NFT collections to date, with the most recent being the Mugshot Edition unveiled earlier this month. Notably, the latest release marks his first inclusion of physical cards. Customers acquiring 47 cards from the Mugshot Edition will receive a fragment of the suit worn by Trump in his mugshot, along with an invitation to a gala dinner at his Mar-a-Lago home.

The former U.S. president’s first NFT collection was launched in December last year. It was a digital card collection featuring art of his life and career. His second NFT digital card collection was launched in April, which was 19 days after he was indicted with 34 felony counts of allegedly falsifying business records.

In August, Trump disclosed in a filing with the Federal Election Commission (FEC) that a company that made $9.7 million by licensing his image on NFTs, CIC Digital LLC, maintained a cryptocurrency wallet with at least $1 million in ethereum, which produced income of $2.8 million.

What do you think about former U.S. President Donald Trump selling his ETH proceeds from NFT collections? Let us know in the comments section below.



from Bitcoin News https://ift.tt/vIdaBLw

Comments

Post a Comment

Popular posts from this blog

13 Years Ago Today, Satoshi Nakamoto Published the First Forum Post Introducing Bitcoin

Image
13 years ago today, the creator of the Bitcoin network, Satoshi Nakamoto published the inventor’s first forum post on the P2P Foundation website. The forum post called “Bitcoin open source implementation of P2P currency” introduced the e-cash system to the members of the advocacy and research forum focused on peer-to-peer dynamics in society. The First of 3 February 2009 Forum Posts Introducing Bitcoin There was three occasions in February 2009 when Satoshi Nakamoto introduced the inventor’s Bitcoin white paper and open source codebase to the P2P Foundation forum members. The occasion on February 11, 2009, was the first time the creator of Bitcoin publicly announced the project using the P2P Foundation forum. Prior to these instances during the month of February, Nakamoto leveraged the email system tethered to the cryptography mailing list hosted on metzdowd.com . The introductory forum post is quite fascinating, and the inventor also leaves a link to the software’s first version
Read more

ATPBot Launches the Easiest Automated Crypto Trading Bot for Investors

Image
PRESS RELEASE. ATPBot, the renowned leader in quantitative trading strategy development, proudly introduces its revolutionary auto trading bot to the cryptocurrency market. This cutting-edge bot boasts a user-friendly interface and a proven set of features, designed to cater to both novice and seasoned traders alike. ATPBot leverages the power of artificial intelligence to create and implement winning quantitative trading strategies. Supported by rigorously tested and proven methods, the bot offers meticulous backtest data, instilling investors with confidence in their trading endeavors. The auto trading bot simplifies the complex trading landscape into just three steps: Connect, Select, Run! By connecting to a crypto exchange API, users can effortlessly choose a strategy and set the investment amount. With a single click of the “Run” button, the AI bot takes over, tirelessly working 24/7. ATPBot’s brilliance lies in its constant strategy adjustments, fueled by extensive histori
Read more

Jupiter’s JUP Token Makes a Grand Entry With $700M Airdrop on Solana Blockchain

Image
Jupiter successfully launched its JUP token. The airdrop, one of the largest in crypto history, distributed an astounding $700 million worth of JUP tokens to almost a million wallet holders. Jupiter’s JUP Token Airdrop Distributes to Nearly a Million Users The cryptocurrency world witnessed one of the largest token airdrops in its history on Jan. 31, as Jupiter, a Solana-based decentralized trading aggregator, launched its native token, JUP. The event distributed approximately $700 million worth of JUP tokens to nearly a million wallets. Jupiter’s founder, known pseudonymously as weremeow on X, announced the launch details in a forum post, revealing that the initial circulating supply of JUP would be 1.35 billion tokens, a reduction from the previously projected 1.7 billion. This adjustment brought the total supply to 10 billion JUP tokens, split evenly between team and community wallets. The airdrop constituted 10% of the total supply, amounting to 1 billion JUP. The distributi
Read more