Melania Trump Sold Her NFT To Herself For 1800 $SOL

A series of weird transactions around the auction for the former first lady of the US Melania Trump’s NFT is reported on February 8. It seems that the cryptocurrency used to buy the NFT came from Melania Trump’s own office.

Melania Trump auctioned off a digital version of a watercolor of herself wearing a hat during French President Emmanuel Macron’s first state visit to the United States in 2018. The package also includes the originally signed hat and the watercolor.

According to Vice’s Motherboard and an independent analyst, the winning offer of 1800 SOL tokens was placed by an account linked to the individual who listed the NFT for sale.

“After the auction’s conclusion, The New York Times ran a piece describing the sale as attracting a few bids all-around 1,800 SOL, ultimately ending with somebody purchasing the NFT for 1,800 SOL worth $170,000 at the time (now $200,000), a price far below the figure touted by the auction’s press release and which the paper described as ‘deflated results’ due to a wider crash in the price of cryptocurrencies,” reported Jordan Pearson. “Now, according to Solana blockchain records reviewed by Motherboard and shared with an independent researcher, we know who bought the NFT collection: Melania Trump herself, or at least, whoever set up the auction for her.”

“Without getting too bogged down in eye-glazing detail (that will come later), it went like this,” said the report. “The auction winner’s address was funded with 1,800 SOL on Jan. 25, which came from an address (let’s call it Address X) that was itself funded by the address that created Melania’s NFT. After the auction, the NFT creator address sent 180,000 SOL back to Address X which converted it into USDC, a stablecoin pegged to the US dollar. In other words: The winner of Melania Trump’s NFT got the money from none other than the creator of the NFT itself, and an address linked to the NFT creator got the money back.”

Asked for comment, Melania Trump’s office did not give any details, saying simply, “The transaction was facilitated on behalf of a third-party buyer.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Melania Trump Sold Her NFT To Herself For 1800 $SOL

A series of weird transactions around the auction for the former first lady of the US Melania Trump’s NFT is reported on February 8. It seems that the cryptocurrency used to buy the NFT came from Melania Trump’s own office.

Melania Trump auctioned off a digital version of a watercolor of herself wearing a hat during French President Emmanuel Macron’s first state visit to the United States in 2018. The package also includes the originally signed hat and the watercolor.

According to Vice’s Motherboard and an independent analyst, the winning offer of 1800 SOL tokens was placed by an account linked to the individual who listed the NFT for sale.

“After the auction’s conclusion, The New York Times ran a piece describing the sale as attracting a few bids all-around 1,800 SOL, ultimately ending with somebody purchasing the NFT for 1,800 SOL worth $170,000 at the time (now $200,000), a price far below the figure touted by the auction’s press release and which the paper described as ‘deflated results’ due to a wider crash in the price of cryptocurrencies,” reported Jordan Pearson. “Now, according to Solana blockchain records reviewed by Motherboard and shared with an independent researcher, we know who bought the NFT collection: Melania Trump herself, or at least, whoever set up the auction for her.”

“Without getting too bogged down in eye-glazing detail (that will come later), it went like this,” said the report. “The auction winner’s address was funded with 1,800 SOL on Jan. 25, which came from an address (let’s call it Address X) that was itself funded by the address that created Melania’s NFT. After the auction, the NFT creator address sent 180,000 SOL back to Address X which converted it into USDC, a stablecoin pegged to the US dollar. In other words: The winner of Melania Trump’s NFT got the money from none other than the creator of the NFT itself, and an address linked to the NFT creator got the money back.”

Asked for comment, Melania Trump’s office did not give any details, saying simply, “The transaction was facilitated on behalf of a third-party buyer.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News

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