Arkham Intelligence specialists indicated that Trump began to drain his ETH coins. In particular, he has already sold coins worth 2.4 million dollars. This is despite the fact that he has coins worth 4 million at his disposal. The news is interesting, but there are several aspects.
Is Trump an owner of cryptocurrencies?
It is not 100% confirmed that Trump has cryptocurrency assets. The former American president never mentioned that he had cryptocurrencies in his investment portfolio. In turn, Arkham Intelligence analysts claim that Donald Trump has reserves of Ethereum, MATIC, Pepecoin, Dogs, CIG and other coins. They support their statement by the fact that the address of the crypto assets is identical to the data that D. Trump indicated in his financial reports.
Where could Trump get Ethereum?
Analysts indicate that the former US President has released 3 collections of NFT tokens. The main character of the coins is himself. Or rather, his image. The latest collection appeared when Trump was taken into custody. The latest collection was dedicated to this event. Accordingly, Ether emerged as a result of the sale of collections of NFT tokens.
Why did Trump start dumping his cryptocurrency assets?
The answer to this question is ambiguous. First of all, we should not forget that Donald Trump dreams of returning to the presidency. The election campaign requires a lot of money.
The second version is more realistic. Let's not forget that the former president is an economist. Ether is at its peak. For example, on December 28, they gave $2,447 per coin. At this level, the price of the coin was fixed in May 2022. Accordingly, Trump wants to lock in his profits.
What to expect from such news?
Analysts believe that if Trump wins the election, the Bitcoin rate could increase several dozen times in a minimum amount of time. Vaneck experts make bold predictions. They believe that if Trump becomes president, then we should expect the value of the No. 1 cryptocurrency to increase to $100 thousand.
Thus, if you believe analysts, then it turns out that Trump is actually draining his cryptocurrency assets. True, so far we are talking only about Ethereum. But it is possible that the former president may drain other coins. Now the whole world is watching the political situation in America. Not only the real economy, but also the cryptocurrency world depends on the presidential election.
