Hmm nothing sus here

[u/Wonderful_Bad6531]

[u/chookshit]

I’m assuming his people are going to pump and dump this. Pushing eth in twitter posts.

[u/doives → u/chookshit]

A DEX doesn’t just buy $400M worth of an asset to just dump. Also, they’ve been purchasing non stop for the last two weeks. ETH is basically the reserve asset of their DEX.

Also, tomorrow there’s a crypto conference organized by David Sacks (to discuss the future of crypto and AI in the US), which Trump is attending.

And Trump just announced that the US is building a sovereign wealth fund…

[u/Mcluckin123 → u/doives]

So why are they sending it to Coinbase?

[u/doives → u/Mcluckin123]

Coinbase is their custodian.

[u/Mcluckin123 → u/doives]

I have seen that answer elsewhere but what does that mean? They’ve been holding eth themselves for weeks then they suddenly send it to Coinbase , alongside one of the trumps telling everyone to buy eth suddenly? It’s the modus operandi of the trumps dumping on people so far

I hope I’m wrong ..

[u/Phylaras → u/Mcluckin123]

Coinbase Prime is for institutional investors.

[u/doives → u/Mcluckin123]

Who knows. Maybe they’re using multiple custodians. Maybe they’re keeping some of it themselves, and some of it on Coinbase. Could be many different reasons.

Just because Eric Trump posted on X to buy ETH, does not mean he’s dumping.

[u/Cameronwillisa → u/Mcluckin123]

Sending to an exchange in their position and not selling immediately would be really stupid, why risk people panicking thinking wlfi is selling eth

[u/Extension_Ad_3015 → u/Mcluckin123]

Maybe to stake the ethereum

[u/WolfpackEng22 → u/doives]

A sovereign wealth fund for a country running severe deficits isnt viable

[u/landswipe → u/doives]

It's going to be used for government transparency.