- Donald Trump sells off 1,075 ETH amid 6.2% price rally for Ether.
- The funds were accumulated from Trump Cards NFT royalties.
- Donald Trump’s crypto stash unfolds a flurry of memecoins.
Donald Trump shocked the world earlier this month when he announced a follow-up to his first two non-fungible token (NFT) collections. Accumulating revenue from his first two Trump Cards NFT series, the 45th President of the United States embarked on a sell-off to Coinbase in the last three weeks.
According to the blockchain detectives agency Arkham Intelligence, these on-chain transfers encompassed 1,075 Ether (ETH), worth around $2.5 million. ETH, the second largest digital asset, soared by 6.2% in the last 24 hours, claiming a new yearly high of $2,442.31 today.
Trump still owns 589.532 ETH, 273.786 WETH, 4.582K Polygon (MATIC), 6.9 million Pepe (PEPE), and 795.556M JESUS coins, among other lesser-known memecoins on both Ethereum and Polygon chains. While the publicly visible crypto wallet is valued at $2,222,135, the third largest asset is the self-titled TRUMP coin with 579.281K tokens.
🚨 @ArkhamIntel reports transfers of 1,075 $ETH (~$2.4M) from a wallet linked to Donald Trump to Coinbase.
These funds, from #NFT sales including the "Mugshot Edition," represent part of a $4M ETH accumulation. pic.twitter.com/e5QMtFVY9f
— Satoshi Club (@esatoshiclub) December 28, 2023
Trump’s Got 99 Problems, But a Card Ain’t One
Trump’s latest Mugshot NFT collection features the former president and veteran entrepreneur in various stock backgrounds, including him standing in front of the White House with a Bible in his palms or heroically breaking out of metal chains in an emerging fire.
The collection features images of Donald’s suit worn four months ago when the controversial politician was questioned in his election interference case. While the first two Trump Cards NFT collections sold for ten times the original price of $99, Mugshot can’t seem to pick up on the hype with less than 50% NFTs minted.
According to the official rules of this NFT campaign, everyone who purchases at least 47 digital cards is eligible to receive a complimentary physical piece of Trump’s suit or an invitation to a dinner at Mar-A-Lago. DailyCoin found out that this offer has been recently upgraded to an additional Limited Commemorative NFT Card and an Official Mugshot NFT with autographs.
President Donald Trump has released a new 'Mugshot' NFT collection this week: pic.twitter.com/DQLm7SQ7nj
— unusual_whales (@unusual_whales) December 17, 2023
On the Flipside
- Despite being listed on OpenSea, Trump’s Mugshot NFT analytics are concealed.
- KYC is required to buy a Trump Card NFT from the official website with crypto.
- Crypto traders on X are poking fun at Mugshot NFTs, while Trump was scolded for ‘selling too early.’
Why This Matters
While the intention behind these Coinbase deposits is unclear, Trump mentioned in a campaign a debt of $100 million in legal fees due to his involvement in four ongoing criminal cases.
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