Former United States President Donald Trump seems to be liquidating a significant amount of Ether (ETH) earned from the sale of his NFTs, as his associated wallet has transferred 1,075 ETH to Coinbase since December 8.
Trump accumulated this ETH from the sale of his NFT collections, including his infamous mugshot taken when he surrendered to authorities in Georgia in August. According to blockchain intelligence platform Arkham, the wallet linked to Trump has conducted 13 transactions, moving a total of 1,075 ETH, valued at approximately $2.4 million, to Coinbase. These transactions often occurred in batches of 100, 125, and 200 ETH.
Notably, Trump’s ETH balance had been steadily increasing since October, reaching a peak of $4 million before the recent selling spree began.
It’s worth mentioning that Trump expressed skepticism about cryptocurrencies in the past, labeling them as “fake” and foreseeing a disaster in August 2021. During that time, he defended the United States dollar as a crucial element for the country’s economic success.
Despite his previous criticism of cryptocurrencies, Trump is running for president again in the upcoming 2024 election. However, his campaign faced a setback when Colorado’s Supreme Court removed him from the state’s ballot.
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