Recently, a notable increase in activity on the Ethereum network has been observed. This move suggests changing dynamics in the cryptocurrency market, with prominent players like Trump actively engaging in significant transactions.
donald trumpformer president of the United States, has been making significant moves in the world of cryptocurrencies, particularly with Ethereum (ETH). According to the on-chain analysis platform, in the last three weeks, Trump transferred 1,075 ETH to Coinbase, with an approximate value of US$2.4 million. This move contrasts with his previous accumulation of ETH, obtained through profits from non-fungible tokens (NFT) related to your brand.
Trump ventured into the NFT space with three collections to date. The first two were in high demand and sold out quickly, while the third has seen less interest from the community.
The clue about the ownership of Trump-related digital assets dates back to August, when the firm arkham identified these assets based on the financial statements presented by the former president.
Trump’s NFT Collections have generated a large volume of operations in the market, accumulating 15,013 ETH (approximately US$35.4 million) in transactions on the OpenSea NFT market. Besides, digital cards recently generated transaction volume of US$119,100 during a specific week in December.
Ethereum: Trump’s moves
Recently, Trump unveiled another series of digital trading cards that offer fans the opportunity to earn exclusive perks, such as dining with the former president or purchasing clothing items related to iconic events from his past.
Despite this boom in the sale of digital assets, Trump has been transferring ETH to Coinbase as the cryptocurrency has seen a rise of over 10% from its lows. In particular, on ThursdayETH reached its annual highs reaching $2,444, although it is currently trading around $2,380.
In related news, a notable increase in Ethereum network activity has recently been observedespecially in withdrawals from centralized exchanges over the last seven days, as reported by BeInCrypto on Wednesday. This move suggests changing dynamics in the cryptocurrency market, with prominent players like Trump getting involved. actively in significant transactions on Ethereum and the NFT market.
Source: Ambito
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