Trump’s Recent Ethereum Divestment Strategy
Newly released data from Arkham Intelligence sheds light on former President Donald Trump’s strategic divestment of Ethereum holdings. The most recent transaction, executed through the Coinbase Exchange (NASDAQ:COIN), saw Trump liquidating approximately 1,075 ETH, equivalent to a substantial $2.4 million. This move signals a noteworthy reduction in his digital asset portfolio, taking place against the backdrop of Ethereum’s current market surge, boasting a trading price of $2,400 and a growth rate of 9.03%.
Ethereum Transfers to Coinbase: Unveiling Trump’s Digital Wealth Management
Trump’s Ethereum divestment strategy involves transfers to the Coinbase platform, with these holdings stemming from royalties linked to Non-Fungible Token (NFT) collections actively promoted by the former President. This digital wealth management approach allows instant accessibility to over-budgets, with significant deposits reaching up to 200 ETH.
Notably, the NFTs associated with Trump are facilitated through NFT International LLC, showcasing a series that narrates a story of his “recent arrest.” However, it’s crucial to acknowledge a potential license termination clause from CIC Digital LLC, introducing an element of uncertainty regarding the continuity of these NFT collectibles.
Since October, when the wallet contained 1,553 ETH valued at $2.7 million, Trump’s Ethereum holdings have witnessed a remarkable surge, increasing by $1 million in December alone. This growth is particularly noteworthy considering Trump’s recent hands-off approach. Furthermore, the wallet’s assets extend beyond Ethereum, encompassing MATIC, another prominent cryptocurrency.
source: tr.investing.com