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- 1 Ethereum wallet claimed to be linked with the former president, had transferred millions in Ethereum- Report.
- 2 The wallet still has around $2.2 Million in crypto, including $145 in $JESUS, $1.4 Million in $ETH and others.
- 3 Trump has released a new NFT collection dubbed the “Mugshot Edition.”
An Ethereum wallet claimed to be linked with the former president of the U.S Donald Trump has transferred millions of cryptocurrencies, which we believed to be earned by selling non-fungible tokens.
A Blockchain analytics firm, Arkham Intelligence, observed and exposed the incident of moving vast digital assets on December 27, 2023.
As per Arkham analysis, the wallet linked to Trump started transferring ETH three weeks ago, and as of now, it has transferred Ethereum worth $2.4 Million to Coinbase, a centralized crypto exchange.
The entire wealth gathered in the wallet was $4 M before the transfer of ETH. Arkham claims that Trump still has about $2.2 Million in cryptocurrency, including $145 in $JESUS, $1.4 Million in $ETH, $649k in $WETH, and several others.
With his continuous legal troubles, Trump has released a new NFT collection dubbed the “Mugshot Edition.”
Those who purchase 47 or more Trump cards can dine with the former president at his Mar-a-Lago residence when buying the Mugshot Edition. A fragment of Trump’s suit at the time of the mugshot will also be given to buyers.
Involvement of U.S Politics in Crypto
In the past few years, the politics of the United States have entered the cryptocurrency sector, and politicians of the U.S. have started showing their interest in cryptocurrency.
Donald Trump and many other politicians in the United States and other countries hold significant digital assets on centralized or decentralized exchanges. However, the topic of Crypto has become an agenda for politicians worldwide for political benefits.
The federal government’s connection with Bitcoin has garnered a lot of attention over the years, which is unexpected given that the U.S. government is one of the major holders of Bitcoin.
The United States Marshals Service, a law enforcement body inside the Department of Justice, typically auctions off bitcoins in public. At least $1 Billion in digital currency, and potentially much more, have been seized by U.S. authorities.
According to Forbes, the Treasury has a cache of 207,189 bitcoins worth $5 Billion, making it the most significant state-owned hoard. A Morgan Creek Capital analyst said that the United States possessed 69,640 bitcoins last year.
Cryptocurrency firms are dramatically increasing their contributions to U.S. lawmakers as regulatory scrutiny of the sector grows in Washington.
Prominent entities, including stablecoin operator Circle, Nasdaq-listed exchange Coinbase, and venture capital company Andreessen Horowitz’s cryptocurrency investment arm, a16z, are investing more money to help elect MLPs who embrace cryptocurrencies.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading Crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
