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A Wallet Linked to Donald Trump has Sold $2.4 Million worth of Ethereum
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A Wallet Linked to Donald Trump has Sold $2.4 Million worth of Ethereum

Dec 28, 2023

An address possibly associated with former US President Donald Trump has sold Ethereum worth approximately $2.4 million.

Three weeks ago, [Trump] started sending ETH to Coinbase after several months of accumulating fees from Trump NFTs. His maximum balance was $4 million. According to deposits, he has sold 1075 ETH so far. as noted by researchers at Arkham Intelligence.

According to data posted on the website, the company NFT INT LLC specializes in distributing and promoting non-fungible tokens related to political activities. It is important to note that this company explicitly claims that it is not owned, operated, or controlled by Donald Trump or his organizations.

NFT INT uses the name and image of Donald Trump under a paid license from CIC Digital LLC, which can be terminated or revoked according to its terms. as stated in the project description.

Former US President Donald Trump holds positions as manager, president, secretary, and treasurer in CIC Digital company. It was previously reported that this company owns the wallet that receives fees from the "licensing deal."

In the financial report dated August 14, the former president will declare income of $2.8 million from the sale of Ethereum.

The first series of collectible cards brought the former US president from $100,001 to $1 million.

Non-fungible tokens from the second set were sold in just ten minutes, bringing in income ranging from $500,000 to $1,000,000. The initial price for each asset was $99.

As a reminder, in December, Trump released a new collection of NFTs, featuring his prison photo.

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