An Ethereum Wallet, Purportedly Belonging To Donald Trump, Moved $2.4M Worth Of ETH To Coinbase: Arkham Intelligence
Portfolio Pulse from Mehab Qureshi
An Ethereum wallet allegedly linked to Donald Trump transferred 1,075 ETH, worth about $2.4 million, to Coinbase, possibly from NFT sales. Arkham Intelligence reported the wallet's previous peak balance at $4 million. The wallet now holds assets worth $2.22 million, including Ethereum and other tokens like MATIC. The transfer to Coinbase does not necessarily indicate a sale. Trump-themed NFTs are marketed by NFT International LLC under a license that can be revoked. ETH price was up 9.03% at $2,417.
December 28, 2023 | 5:14 am
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NEUTRAL IMPACT
The article reports on the movement of ETH by a wallet linked to Donald Trump, which may influence the perception of ETH's liquidity and usage.
While the transfer of ETH is notable, it is unclear how this isolated event will impact the broader market price of ETH in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
A wallet linked to Donald Trump transferred $2.4M worth of ETH to Coinbase, which may indicate potential trading activity on the platform.
The transfer of a significant amount of ETH to Coinbase suggests increased trading activity, which could positively impact Coinbase's trading volume and revenue in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70