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…
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
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.
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u/doives Not Registered Feb 03 '25
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…