Arkham, an online analytics firm: Trump has sold over a thousand ETH, making a profit of 2.4 million euros, making a profit from NFT royalties!

According to the blockchain intelligence firm Arkham, former US President Donald Trump appears to have already sold or is in the process of selling his holdings of ETH. Within three weeks, he has sold 1,075 ETH, making a profit of up to $2.4 million. It is understood that most of these ETH came from royalties from three series of NFTs previously launched by Trump.

Trump Continues to Liquidate ETH Holdings

Arkham's tweet today, the 28th, stated that Trump's related address has sold 1,075 ETH in batches through the exchange Coinbase over the past three weeks, worth about $2.4 million. Most of the ETH is said to be the trading royalties from Trump's previous three NFTs.

Looks like Donald Trump is selling his ETH.

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

— Arkham (@ArkhamIntel) December 27, 2023

According to Arkham's disclosure, it can be seen from the wallet controlled by Trump that the token in the wallet reached a peak value of $4 million on December 8th and then quickly decreased.

The image above shows that the address currently still holds about 863.1 ETH and WETH worth about $207.7 million, about 57.9k MAGA worth about $16.6k, 4,582 MATIC worth about $4,750, and others totaling thousands of dollars, including meme coins like PEPE.

Trump's Previous NFT Series Prices Plummet

Two weeks ago, Trump announced the release of his third NFT series "Mugshot," with some rare cards even featuring a part of the suit he wore when previously arrested. Additionally, loyal fans purchasing over a certain quantity could have the opportunity to have dinner with Trump at the presidential palace or Mar-a-Lago.

Trump Releases New Mugshot NFT! Single card for $99, buy 47 cards for a dinner together?

However, his fans seem to be tired of the various dazzling NFTs.

Data from OpenSea shows that after the above announcement, Trump's first NFT series "Trump Digital Trading Cards" released in December last year, as well as the second NFT series launched in April this year, both plummeted by nearly 20%, with the latter's floor price still hovering around the issuance price at that time.

Interestingly, despite the floor prices of the two NFTs dropping by 35% and 27% respectively within a month, their trading volume and transaction count have seen significant growth recently, increasing by 51% and 19% respectively. Trump is likely reaping a rich harvest of royalties.

In April this year, the U.S. Office of Government Ethics (OGE) disclosed that Trump has earned over $1 million through selling NFTs and trading royalties.

In August of the same year, the OGE further pointed out that Trump's crypto wallet holds $250,000 worth of Ether, with real estate income exceeding tens of millions of dollars per year.

However, according to The Hill, Trump has spent billions of dollars on multiple election expenses and legal fees since he entered politics until recently.