Why Did Donald Trump's Wallet Transfer $2.4 Million Of This Crypto To Coinbase?


 "It's not normal, Trump made a lot of money after months of collecting NFT royalties."

A wallet linked to former United States (US) President Donald Trump appears to have moved more than 1,075 Ethereum (ETH) worth $2.4 million to cryptocurrency exchange Coinbase in the past few weeks.

Through observation about three weeks ago, the wallet started sending a large amount of ETH to Coinbase after months of collecting Trump's non-fungible token (NFT) royalties where his wallet once reached $4 million.

In December 2022, Trump released a collection of 45,000 NFTs priced at $99 each that had amassed a trading volume of 15,013 ETH worth $35.4 million on the OpenSea NFT market then released a second collection of NFTs in April 2023.

Trump also recently launched another set of digital trading cards that offer fans the chance to win perks like dinner with him or a suit he wore when he was brought in by Georgia police after his indictment in August 2023.

Pleased to note that the Trump Digital Trading Card generated $119,100 in trading volume between December 17 and 24, 2023.

NFT drops and promotions associated with Trump are operated by NFT INT LLC operating under a paid license from CIC Digital LLC.

In addition to revealing Trump owns $5 million worth of ETH and earns $4.9 million from NFT licensing fees, he was previously listed as manager, president, secretary and treasurer of CIC Digital LLC.