Mysterious Trader Buys Millions Worth of Ethereum Ahead of Trump’s Crypto Meeting
A mysterious trader purchased 5,000 ETH worth $9.53 million ahead of a White House meeting scheduled for August 19 at 2:30 PM ET between President Donald Trump and executives from major cryptocurrency firms like Coinbase (COIN), Ripple, Chainlink, as well as prediction market platform Kalshi. The trader has staked the Ethereum on the blockchain network. According to Lookonchain data cited in the report, this is part of a larger purchase totaling 10,657 ETH worth $20.07 million by the same wallet address. At the time of writing, Ether was trading at $1,931.60 with an increase of 1.8% over the past day. The meeting is expected to include remarks from Trump and CFTC Chair Mike Seligman but has not led to progress on legislative efforts like the Clarity Act.
Tickers: $COIN
Topics: crypto regulation prediction markets White House meeting