🚨 Get Your Free NFT Certificate Mint by Completing the Web3 Exam! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!

Donald Trump's Ethereum Transactions Surge Following NFT Collection Success

Donald Trump's Ethereum Transactions Surge Following NFT Collection Success

Key Takeaways

  • Trump has transferred 1,075 ETH to Coinbase since December 8th, following earnings from his NFT sales.
  • This move marks a significant change from his previous negative stance on cryptocurrencies.
  • The transactions coincide with his campaign for the 2024 presidential election.

Former US President Donald Trump has been actively transferring a substantial amount of Ether (ETH) to Coinbase. This activity follows his successful venture into the world of non-fungible tokens (NFTs), including a collection that features his own infamous mugshot.

The blockchain intelligence firm Arkham reports that since December 8th, Trump's associated wallet has moved approximately 1,075 ETH, valued at around $2.4 million, to Coinbase through 13 separate transactions. These transfers varied in size, including batches of 100, 125, and 200 ETH.

How to Buy Crypto SAFELY With a Credit Card (Animated)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

How to Buy Crypto SAFELY With a Credit Card (Animated)

How to Buy Crypto SAFELY With a Credit Card (Animated) How to Buy Crypto SAFELY With a Credit Card (Animated)

Notably, Trump's involvement in cryptocurrencies marks a significant turn from his previous stance.

In August 2021, he dismissed digital currencies as "fake" and "a disaster waiting to happen," defending the US dollar's role in the nation's economic strength. However, his ETH balance, which had been growing since October, hit a high of $4 million before he started liquidating his holdings.

The timing of these transactions is intriguing, given Trump's announcement to run in the 2024 presidential election.

His campaign, however, faced a setback when Colorado's Supreme Court recently ruled to exclude him from the state's ballot. Despite this challenge and his earlier skepticism, Trump's engagement in the crypto market through his NFT collections and subsequent ETH transactions indicates a nuanced shift in his financial strategies.

It is worth noting that Donald Trump had previously launched a few NFT collections, including the Trump Digital Trading Cards part 1 and part 2.

Donald Trump's recent moves in cryptocurrency highlight a remarkable change in his attitude toward digital assets. As he navigates the complexities of the upcoming election, his actions in the crypto market will undoubtedly be closely watched by enthusiasts and skeptics alike.

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.

Loading...
binance
×
Verified

$600 WELCOME BONUS

Earn Huge Exclusive Binance Learners Rewards
Rating