Former US President Trump's Wallet Moves $2.4M Worth of Ether to Coinbase, On-Chain Firm Reports
According to Arkham Intelligence, a wallet associated with former US President Donald Trump transferred over $2.4 million worth of ether to Coinbase in recent weeks, likely indicating the sale of the holdings. The ether was generated as royalties from the official Trump non-fungible token (NFT) collection on OpenSea. The wallet, which holds $2.2 million worth of various tokens, was tied to Trump in August based on public financial disclosures. Despite being a crypto skeptic during his presidency, Trump appears to have been a crypto user in recent years and made between $500,000 and $1 million from sales of his NFT collection.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
USDC Treasury destroys 50 million USDCs on Ethereum chain
Worldcoin launches new World ID Passport credential
Japan's new Prime Minister reorganizes Web3 and cryptocurrency policy-making departments