An Ethereum Wallet, Purportedly Belonging To Donald Trump, Moved $2.4M Worth Of ETH To Coinbase: Arkham Intelligence

An Ethereum (CRYPTO: ETH) wallet, purportedly associated with former President Donald Trump, was reported to have shifted millions in cryptocurrency, which is suspected to be proceeds from sales of non-fungible tokens (NFTs). This was spotlighted in findings published by Arkham Intelligence on December 27.

Timeline of Arkham, Ethereum

While there have been talks about Ethereum (ETH) staying dud for a while, the world's second-largest cryptocurrency is now making big moves. In the last 24 hours, the Ethereum (ETH) price has jumped by 9% currently trading at $2,424 levels with a market cap of $291 billion.

An Ethereum wallet thought to belong to former U.S. President Donald Trump recently moved millions in crypto earned from sales of non-fungible tokens, according to reports from Arkham Intelligence on Dec. 27. Arkham noted that Trump's wallet began to send his ETH holdings to Coinbase three weeks ago and has moved 1,075 ETH, worth $2.

Despite the ongoing uncertainty in the crypto market, the second largest cryptocurrency Ethereum (ETH) has managed to sustain above the $2150 level. This level coincides closely with the 23.6% Fibonacci retracement level indicating the overall trend of this asset remains bullish.

Ethereum's market behavior on Dec. 27, 2023 presents a complex tapestry of signals for traders and investors alike. Oscillating within a 24-hour price range of $2,189 to $2,290, Ethereum demonstrated a consolidation phase, subtly hinting at both potential gains and imminent cautions.

Ethereum has emerged as a game changer in digital currencies, completely transforming our perception and engagement with the digital economy. As of December 13, 2023, the total market capitalization of cryptocurrencies is a whopping $266.92 billion, signifying a shift of 1.04% compared to the previous day.

The price of Ethereum (ETH) has experienced significant movements in these last weeks of the year 2023. Initially, Ethereum saw a rise from $1,800, forming a solid bullish channel, according to our technical analysis of the asset.

In a recent development that has sent shockwaves through the cryptocurrency community, Justin Sun, the founder of Tron, has raised eyebrows with a significant withdrawal of $13.8 million worth of Ethereum (ETH) from Binance. The transaction was highlighted by PeckShieldAlert, a prominent blockchain security company, in a tweet that raised suspicions surrounding the withdrawal.

A blockchain monitoring and analytics platform said that Tether (CRYPTO: USDT) Treasury has generated an additional 1 billion USDT tokens. What Happened: The event was logged on the Ethereum (CRYPTO: ETH) network and represents a sizable expansion to Tether's existing supply.

Cryptocurrency enthusiasts and investors are beaming with excitement as renowned crypto analyst Lark Davis shares a bold prediction for Ethereum in 2024. In his latest YouTube video, Davis dives deep into the untapped potential of Ethereum, emphasizing that the path to riches in the Ethereum ecosystem is not as straightforward as one might think.

In a significant development within the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on several Ethereum Exchange-Traded Funds (ETFs) until May 2024. This delay comes as investors and analysts eagerly anticipate the potential launch of spot Ethereum ETFs in the U.S.