President Donald Trump's engagement with cryptocurrencies has not met the expectations of many in the community. Instead of creating a strategic Bitcoin reserve, Trump and his family have launched meme coins. Recent on-chain data reveals significant outflows of Ethereum from Trump's personal crypto address. The ETH balance dropped from nearly 500 to just under 6 between January 22 and February 6. Transactions show that ETH was transferred to an intermediary address or a centralized exchange reception wallet before being forwarded to a Coinbase Prime hot wallet, making it difficult to trace further. World Liberty Financial, a company in which Trump is listed as the "chief crypto advocate," has also moved large amounts of cryptocurrency to Coinbase Prime. These movements, paired with Eric Trump's endorsement of ETH and BTC, raise questions. However, the exact movement of the cryptocurrency and its current state is hard to determine. World Liberty Financial has stated that the transactions are part of regular treasury management.



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