A wallet linked to Donald Trump has sold $2.4 million worth of Ethereum (ETH), according to a recent report by Arkham Intelligence.
According to a report by Arkham Intelligence, a blockchain research firm, a wallet linked to the former US president has sold off $2.4 million worth of ETH in the past month. The wallet address is 0x94845333028B1204Fbe14E1278Fd4Adde46B22ce on the Ethereum blockchain.
This means that Trump still holds $2.8 million in ETH after launching his own NFT collection last year. Yes, you read that right. The man who once said he was “not a fan of Bitcoin and other cryptocurrencies” has been secretly dabbling in the digital art space. His NFTs feature his signature catchphrases and images of his golf courses and hotels.
But why did he sell some of his ETH? Is he cashing out or just rebalancing his portfolio? What does this mean for the crypto market and the political landscape? These are some of the questions that Arkham Intelligence is trying to answer with their ongoing investigation.
We’ll keep you updated as more details emerge. In the meantime, let us know what you think in the comments below. Do you think Trump is a crypto believer or a crypto opportunist? How do you feel about his NFTs? Are you bullish or bearish on ETH?
Thanks for reading and stay tuned for more crypto news and insights!
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