Trump Shakes Crypto World: Dumps Millions in Ethereum After NFT Setback!
In a surprising turn of events, former President Donald Trump has made waves in the crypto space by offloading millions in Ethereum following a less-than-stellar NFT Redux. The move, analyzed by blockchain intelligence firm Arkham, reveals a strategic shift in Trump's crypto portfolio.
Strategic Ethereum Exodus: $2.4 Million Haul in Three Weeks!
Arkham's analysis shows that Trump initiated the movement of Ethereum accumulated as NFT royalties to Coinbase earlier this month. Over the last three weeks, a total of 1,075 ETH has been liquidated, resulting in an impressive $2.4 million haul. Despite this move, Trump still maintains a crypto portfolio valued at $2.2 million.
Trump's Diverse Crypto Holdings: A Snapshot of the Portfolio!
Even after the Ethereum sale, Trump's crypto holdings remain diverse. The breakdown includes $1.4 million worth of ETH, $649,000 in WETH, $167,000 in MAGA coin, $340 in Pepecoin, and $145 in JESUS, among other assets. The variety showcases the former president's eclectic approach to the crypto market.
NFT Collection Saga: Trump Faces Setback with "Mugshot Edition"!
Trump's foray into NFT collections took an unexpected turn with the launch of a special "Mugshot Edition." Featuring pieces of the suit Trump wore during an arrest in Georgia, the collection of 100,000 NFTs faced a lukewarm response. Unlike his first collection, which soared in value, and the second that held steady, the "Mugshot Edition" struggled to maintain interest.
Twitter Backlash: Former President Faces NFT Fatigue!
As news of Trump's Ethereum sell-off emerged, some Twitter users expressed disappointment, scolding the former "Apprentice" host for not hodling into the new year and remaining dedicated to Ethereum. The setback highlights the challenges even high-profile figures face in navigating the dynamic world of cryptocurrency and NFT markets.
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