Ethereum: Donald Trump Sells a Large Part of His ETH

Donald Trump doesn’t hesitate, he sells his cryptocurrencies. Indeed, he has just parted with more than half of his Ethereum holdings. Arkham Intelligence, who learned of Trump’s recent ether movements, has made the revelation. Details!

Trump Sold 1,075 ETH

Donald Trump, former President of the United States and author of three NFT collections (the latest released in mid-December 2023, the second in April and the first in December 2022), reportedly has about $5 million in ETH, according to Citizens for Responsibility and Ethics. The non-fungible tokens launched in his likeness have contributed significantly to the creation of this handsome cryptocurrency nest egg, the members of this organization note.

Looks like Donald Trump is selling his ETH.

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. pic.twitter.com/JZzA3cS2je

— Arkham (@ArkhamIntel) December 27, 2023

In a recent publication, The Block relayed the data from this Arkham tweet highlighting the latest movements of Donald Trump’s crypto wallet. Apparently, the former POTUS has parted with more than half of his Ethereum holdings. Noting that Arkham Intelligence evaluated his treasure at $4 million.

The 1,075 ETH sold by Trump were worth $2.4 million at the time of the tweet’s publication. But upon checking CoinGecko, we found that ether has seen a 4.8% increase in 24 hours. Trading at $2,397.12 per piece at the time of this article’s writing, the total ETH sent by Donald Trump to Coinbase is worth $2.57 million.

How Many Ethers Does He Really Have?

Arkham Intelligence and Citizens for Responsibility and Ethics, which of these two institutions is correct? In fact, Arkham claims to have extracted information from Donald Trump’s financial statements this December. Moreover, it has identified that these ethers have been present in the real estate magnate’s crypto wallet since August.

Citizens for Responsibility and Ethics in Washington further confirms that he is both the manager, president, and secretary of CIC Digital LLC and would have $4.9 million in Ethereum. It should also be noted that CIC Digital LLC, like The Trump Organization and Donald J. Trump himself, could be the manager of NFT INT LLC, the company that handles the promotion of Trump’s digital collectible cards.

However, on his official website, one can read the following:

“NFT INT LLC uses the name, likeness, and image of Donald J. Trump under a license paid for by CIC Digital LLC, a license which may be terminated or revoked according to its terms.”

Note that the latest Trump NFT collection, the “Trump Digital Trading Cards,” released at the beginning of this month, generated a trading volume of $119,100 between December 17th and 24th. People apparently love them.