In the world of digital currencies and financial innovations, a colorful figure like Donald Trump continually arouses interest. His latest moves in the cryptocurrency market, including a significant sale of Ethereum, have sparked a wave of speculation. Is it a weariness of innovative technologies, or a well-thought-out asset diversification strategy?
The former President of the United States, Donald Trump, known for his penchant for business experiments, this time turned to the cryptocurrency market. According to a report by Arkham Analytics, over the past three weeks, Trump has sold Ethereum (ETH) worth at least $2.4 million. This move represents another stage in his cryptocurrency adventure, which began with investments in NFT tokens.
The latest sale followed the third attempt to revive his business with NFT cards, which unfortunately ended with modest success. Trump now appears to be considering divesting some of his crypto assets, especially those related to NFT royalties.
According to information from Arkham, Trump began transferring Ethereum to the Coinbase exchange in early December, selling at least 1,075 ETH over three weeks. However, this is not the end of his digital assets. According to Arkham, he still holds $2.2 million in various cryptocurrencies, including $1.4 million in ETH, $649,000 in WETH, and $167,000 in MAGA coin.
Speculations about Trump’s motives vary. Some believe he may be losing interest in the crypto market and seeking opportunities to realize profits. Others argue that the former president is simply moving away from Ethereum in favor of another blockchain network, like Solana.
To date, Trump has not issued a public statement about the reasons for his recent moves in the cryptocurrency market. This may be related to his recent statements at a campaign rally, where he mentioned legal debts exceeding $100 million. Recall that he is currently involved in four separate criminal proceedings.
Trump’s NFT collection, although initially increasing in value, did not fully meet expectations. The first collection recorded moderate success, but the third edition, called “Mugshot Edition,” experienced significantly lower success. Less than half of the tokens from this series were sold, and the base prices of the first two Trump NFT collections are falling.
Thus, it can be assumed that the time of fatigue with the Trump NFT market has come. Is the former president already looking for new opportunities? His next steps will certainly be closely watched by cryptocurrency enthusiasts around the world.
