Donald Trump's cryptocurrency wallet suddenly loaded Ethereum onto Coinbase

Recently, the wallet believed to belong to former US President Donald Trump moved Ethereum to the exchange, attracting the attention of the Crypto community.

Specifically, wallet address 0x948…B22ce, labeled by Arkham as belonging to Donald Trump, transferred 100 ETH (about 220,000 USD) to Coinbase last night.

It is still unclear what the purpose of this move is. However, according to many people, Mr. Trump's wallet may have done this to sell this coin.

The move comes after he officially announced a new NFT collection called “Mugshot Edition” that sells for up to $99. This collection features content about the legal troubles he has faced in the past, most notably a photo of Trump when he was arrested for 20 minutes in late August.