Share this article
Crypto Wallet Linked to Donald Trump Sent $2.4M in Ether to Coinbase
A wallet flagged as owned by Trump sent ETH to Coinbase in the past three weeks, where it was presumably sold.
Updated Mar 8, 2024, 7:10 p.m. Published Dec 28, 2023, 7:15 a.m.
A wallet linked to former U.S. President Donald Trump moved over $2.4 million worth of ether to crypto exchange Coinbase in the past few weeks where they presumably sold those holdings, on-chain firm Arkham Intelligence said in a Thursday post.
“3 weeks ago, he started sending ETH to Coinbase after months of accumulating Trump NFT royalties. His peak balance was $4 million,” Arkham posted on X. “Based on the deposits, so far, he's sold 1,075 ETH for $2.4 million.”
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
These ether were generated as royalties from the official Trump non-fungible token (NFT) collection on marketplace OpenSea. Sending holdings to an exchange often implies sales for other tokens or U.S. dollars, although this isn’t compulsory.
Arkham tracks the wallet on its platform and it holds $2.2 million worth of various tokens as of Thursday. It tied the wallet to Trump in August based on public financial disclosures, which mentioned the same amounts of token holdings as found in a wallet holding the largest royalties derived from the Trump NFT sale.
Looks like Donald Trump is selling his ETH.
— Arkham (@ArkhamIntel) December 27, 2023
3 weeks ago he started sending ETH to Coinbase after months of accumulating Trump NFT royalties. His peak balance was $4 million.
Based on the deposits, so far he's sold 1,075 ETH for $2.4 million. pic.twitter.com/JZzA3cS2je
Despite being a crypto skeptic during his term as president, Trump appears to have been a crypto user in recent years – likely even sitting on profits from the industry’s price gyrations.
An April filing revealed Trump made anywhere between $500,000 and $1 million from sales of his NFT collection. These earnings were derived via a licensing agreement CIC Digital LLC has with NFT INC LLC, and not from individual sales of the NFTs.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bank of Japan Set to Hike Rates to 30-Year High, Posing Another Threat to Bitcoin
Rising Japanese rates and a stronger yen threaten carry trades and could pressure crypto markets despite easing U.S. policy.
What to know:
- According to the Nikkei, the Bank of Japan (BoJ) is set to increase interest rates to 75bps, the highest level in 30 years.
- Rising Japanese funding costs, alongside falling U.S rates, could force leveraged funds to reduce carry trade exposure, increasing downside risk for bitcoin.
Top Stories
