Former President Donald Trump appears to have sold $2.4 million worth of Ethereum, according to blockchain data that Arkham Intelligence has been tracking for several months.
“I think Donald Trump is selling his stuff. ETH
+6.01%
“Arkham wrote “Three weeks ago, he started sending ETH to Coinbase after months of accumulating Trump NFT royalties. His highest balance was $4 million. Based on deposits, so far he has sold 1,075 ETH for $2.4 million.”
Arkham first identified digital assets believed to belong to Trump last August. The company based its findings on financial disclosures the former president filed earlier that month.
Trump’s NFT Collection
Donald Trump launched a collection of 45,000 NFTs in December 2022 priced at $99 each. According to NFT marketplace OpenSea, the collection recorded a total trading volume of 15,013 ETH ($35.4 million). Then, in April, Trump released a second collection of NFTs, also priced at $99 each.
The Trump digital trading card most recently recorded trading volume of $119,100 during the week of Dec. 17 to Dec. 24, according to The Block’s data dashboard.
Earlier this month, Trump released another digital trading card that gave fans the chance to win perks, including dinner with the former president and a swipe of a piece of the suit he wore when he was seized by Georgia police after being indicted last August. The set has been released.
behind the scenes
Trump’s NFT drops and promotions were handled by NFT INT LLC, which is “not owned, managed or controlled by Donald J. Trump, The Trump Organization, CIC Digital LLC, or any of their respective entities or affiliates.” Digital trading cards of former presidents.
“NFT INT LLC uses the name, likeness and image of Donald J. Trump pursuant to a paid license from CIC Digital LLC, which license is subject to termination or cancellation in accordance with its terms,” the website states.
Trump was previously listed as the manager, president, secretary and treasurer of CIC Digital LLC, according to public filings posted by Citizens for Responsibility and Ethics in Washington. According to the document, the former president owns up to $5 million worth of ether and earned at least $4.9 million in NFT licensing fees.
The latest sales tracked by Arkham come as Ethereum has surged 17% over the past month. The world’s second-largest cryptocurrency by market capitalization was trading at $2,352 at 2:02 PM ET, up 6.1% over the past 24 hours.
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