Ethereum

TRUMP

Arkham

Donald Trump

<div class="cryptonews">
 <p class="is-style-lead">According to on-chain data, a crypto wallet associated with the former U.S. president has transferred millions of dollars worth of Ethereum to Coinbase.</p>
 <p>An Ethereum wallet, which has been accumulating royalties from Donald Trump‘s NFT collection for months, has started moving the funds to the centralized crypto exchange. According to Arkham Intelligence, the wallet has transferred 1,075 ETH (around $2.4 million at the time of the transaction) to Coinbase.</p>
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    <p lang="en" dir="ltr">Looks like Donald Trump is selling his ETH.<br><br>3 weeks ago he started sending ETH to Coinbase after months of accumulating Trump NFT royalties. His peak balance was $4 million.<br><br>Based on the deposits, so far he's sold 1,075 ETH for $2.4 million. pic.twitter.com/JZzA3cS2je</p>— Arkham (@ArkhamIntel) December 27, 2023
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 <p>While the purpose behind transferring the funds to Coinbase remains unclear, data suggests that the Trump-associated wallet still holds multiple cryptocurrencies valued at over $2.2 million.</p>
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Donald Trump is accused of using copyrighted images for his NFTs
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 <p>According to the wallet’s data, the majority of the funds are allocated in ETH (approximately $1.4 million), followed by WETH (almost $650,000) and the TRUMP token (around $177,000). The wallet, at its peak, held approximately $4 million worth of a diverse range of cryptocurrencies, as indicated by the data.</p>
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   <img decoding="async" width="891" height="259" src="https://cdn.thebittimes.com/images/2023/12/28/091a0c9d04724f648dd5fe060816635d.webp" alt="Trump-related crypto wallet cashed out $2.4m worth of ETH - 1"> 
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   Trump-<a rel="noopener noreferrer nofollow" title="related" href="https://thebittimes.com/tag/related.html">related</a> <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> | Source: Arkham Intelligence
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 <p>This transfer coincides with the unveiling of a new NFT collection titled the “Mugshot Edition,” a nod to the recent legal challenges faced by the Republican politician.</p>
 <p>As reported by <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>.news, in mid-December, Trump took to his social network Truth Social to announce the release of new non-fungible tokens featuring an infamous mug shot captured after the former President’s booking in an Atlanta-area jail last August on charges <a rel="noopener noreferrer nofollow" title="related" href="https://thebittimes.com/tag/related.html">related</a> to the alleged conspiracy to overturn Georgia’s election results.</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Melania Trump releases NFT collection for foster children
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trump-related-crypto-wallet-cashed-out-2-4m-worth-of-eth-tbt74975.html">https://thebittimes.com/trump-related-crypto-wallet-cashed-out-2-4m-worth-of-eth-tbt74975.html</a></p>

Trump-related crypto wallet cashed out $2.4m worth of ETH

TheBitTimes

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