The rapid changes in Donald Trump’s crypto portfolio are remarkable. Especially Ethereum (ETH) transactions and breast token movements are among the issues that market observers closely follow. So, what’s the reason for these movements?
GREAT LOSS IN THE CRIP PORTFOY
Donald Trump’s crypto portfolio was worth $ 9.4 million on the first day of the new year. However, this amount decreased to $ 3.1 million as of February 6, after increasing up to $ 23 million on January 18th. This decrease took place due to market fluctuations and asset transfers.
The amount of Trog and Trump coins from the breast coins at the beginning of the portfolio remained constant. However, a sharp change was observed in Ethereum assets. On January 19, there were 496 ETHs in the portfolio, while this amount fell only to 6 ETH as of February 6. This caused some major ETH transfers to be questioned.
1,000 ETH transfer aroused doubt
On January 23, approximately 514 ETH from NFT sales were transferred to Trump’s crypto address. However, most of these assets were sent to the Coinbase Prime hot wallet on the same day. Transfers were made with four different transactions completed in two minutes.
This transfer of 1,000 ETH has created question marks among investors. The rapid movement of the Ethereum assets of the Trump family raised the allegations of “dumping”, that is, mass sales. However, no definite proof has yet been found about these procedures.
World Liberty Financial’s Great MovementLike ETH, he attracted attention
The World Liberty Financial (WLFI), which increased Trump’s effectiveness in the crypto world, also performed remarkable operations. On February 4, the company transferred crypto to Coinbase Prime, which exceeded $ 300 million. Both Ethereum and Bitcoin moved in this process.
On February 5, Eric Trump said a positive opinion for the social media sharing BTC. “It looks like a great entry time!” He said and added rocket emojis, the symbol of ‘to the moon’. The company announced that they do these transactions within the scope of “regular management of the Treasury ve and that there is no token sale. In the crypto world, large portfolio changes always create a question mark. But the real reasons behind these developments are still a matter of curiosity!
