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Donald Trump Reportedly Sells $2.4M Worth of Ethereum (ETH) Amidst 10% Price Surge

2 mins
Updated by Ryan James
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In Brief

  • Donald Trump reportedly sold $2.4M worth of Ethereum (ETH) that he accumulated through non-fungible token (NFT) earnings.
  • Trump has released three NFT collections, with the third receiving less interest; he's been sending ETH to Coinbase.
  • Despite a 10% rally in ETH value, Trump continues to deposit his holdings to Coinbase; his peak balance was $4M.
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The on-chain analytical platform has revealed that Donald Trump has sent 1,075 Ethereum (ETH), worth $2.4 million, to Coinbase in the past 3 weeks. The former US President accumulated ETH through non-fungible token (NFT) affiliated earnings.

Donald Trump has so far released three non-fungible token (NFT) collections. While the first two collections were quick to sell out, the third collection has received relatively less community interest.

Donald Trump Deposits Ethereum to Coinbase Despite Whale Accumulations

The on-chain analytical platform – Arkham shared on X (Twitter) that Donald Trump may have been selling his ETH. Arkham wrote:

“3 weeks ago he started sending ETH to Coinbase after months of accumulating Trump NFT royalties. His peak balance was $4 million.

Based on the deposits, so far he’s sold 1,075 ETH for $2.4 million.”

Read more: How To Make Money With Intel-To-Earn on Arkham Intelligence

Donald Trump Sends Ethereum to Coinbase.
Donald Trump Sends Ethereum to Coinbase. Source: X

According to Arkham data, Trump’s top three holdings are:

  • 589.53 ETH, worth $1.40 million
  • 273.74 Wrapped Ethereum (WETH) worth $649,000
  • 579,281 TRUMP worth $175,569

Earlier this month, Trump launched his third NFT collection – Trump Digital Trading Cards: Mugshot Edition, a collection of 100,000 NFTs. However, the OpenSea data shows that only 45,000 NFTs have been minted so far.

Nonetheless, Trump has been sending ETH to Coinbase while the crypto has rallied by over 10% since Wednesday’s lows. On Thursday, ETH hit yearly highs at $2,444, currently trading at $2,380.

On Wednesday, BeInCrypto reported that there has been a surge in the Ethereum network activity. Specifically, a surplus of withdrawals from the centralized exchange was observed in the last seven days.

Read more: How to Buy Ethereum (ETH) and Everything You Need to Know

ETHUSDT, Binance.
ETHUSDT, Binance. Source: TradingView

Do you have anything to say about Donald Trump’s Ethereum selling or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).

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Harsh Notariya
Harsh Notariya excels in delivering SEO-optimized crypto news under tight deadlines. Previously, as a Growth Marketer at Sporty and a Community Consultant at Totality Corp, he significantly boosted community engagement and followers. Harsh also crafted engaging content for top crypto influencer Shivam Chhuneja, blending meme references for an educational yet fun experience. His versatile skills make him a notable figure in crypto journalism.