Trump-linked wallet sold ETH for $2.4 million

An address allegedly linked to former U.S. President Donald Trump sold Ethereum for about $2.4 million.

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

«Three weeks ago [Trump] began sending ETH to Coinbase after months of accumulating royalties from Trump NFT. His peak balance was $4 million. Based on the deposits, so far he has sold 1,075 ETH», — Arkham Intelligence researchers.

According to the website, the distribution and promotion of non-fungible tokens by the politician is handled by NFT INT LLC, which “does not belong to, operate, or control” Trump and his organizations.

«NFT INT uses Donald Trump’s name and likeness under a paid license from CIC Digital LLC, which may be terminated or revoked in accordance with its terms», also stated in the project description.

Trump is listed as manager, president, secretary and treasurer of CIC Digital. As previously reported, it is this company owns the wallet, to which commissions from the “licensing deal” flow.

In a financial filing dated August 14, the former president stated income from Ethereum sales of $2.8 million.

The first series of collectible cards brought in the former US president between $100,001 and $1,000,000.

The non-fungible tokens from the second set were sold out in ten minutes, generating revenue from $500,000 to $1,000,000. The starting price of each asset was $99.

Back in December, Trump released another NFT collection featuring his jail photo.