It turned out that former US President Donald Trump’s wife, Melania Trump, bought the 170,000-dollar NFT herself.
Trump launched an NFT called Head of State Collection on January 11th. NFT found a buyer for $170,000, but blockchain detective zachxbt, who tracks Solana network transactions, revealed that the address that issued the piece was the same as the one that bought it. In order to hide the transaction in question, a very complex process has been followed:
- 01/23/2022 – 39ui sends 473.657.64 USDC to 3CTu.
- 01/25/2022 – 3CTu trades 166,900 USDC for 1,816.08 SOL using Raydium. A few minutes later the 3CTu sends 1,799.5 SOL to 497Z.
- 01/26/2022 – 497Z wins the auction by bidding NFT for 1,800 SOL.
- Later that day, NFT creator 39ui claims 1,800 SOL and returns it to 3CTu.
- 29.01.2022 – 3CTu trades 1,800 SOL for 168,313.24 USDC using Raydium.
- As of 02/08/2022 all USDC is in 3CTu’s account; NFT is on 497Z’s account.
The transaction is called wash trading. Wash trading is trying to buy and sell a product on its own. In the NFT market, wash trading is quite common. It has been reported that 80% of the transactions of the NFT platform called LooksRare, which has made a great impression recently, are wash trades.
Trump’s representatives refused to say who bought NFT; He sufficed to say that the nature of the blockchain is “visible”.
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