Mike Collins, American politician and businessman serving because the U.S. consultant for Georgia’s tenth congressional district, filed a weird periodic transaction report on September 2.
Particularly, the congressman disclosed solely two cryptocurrency transactions in August, together with a purchase order of as much as $15,000 value of Ethereum (ETH) and a further funding of as much as $15,000 in a meme coin often called Ski Masks Canine (SKI).
The filings convey Collins’ complete reported crypto exercise since taking workplace in January 2023 to as a lot as $745,000.
Why ETH and SKI?
The primary of the politician’s purchases can seemingly be chalked as much as the market’s rising choice for Ethereum.
Certainly, the cryptocurrency has been drawing recent institutional and whale curiosity over the previous month or so, as buyers have been turning away from Bitcoin main as much as September, a interval traditionally recognized for BTC worth corrections.
SKI is tougher to elucidate, nevertheless. The meme coin was battling diminished liquidity after LBank Futures delisted its perpetual contracts on August 8, 2025.
The elimination raised slippage dangers and discouraged institutional participation, and the asset seems to rely totally on grassroots advertising.
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