Donald Trumps World Liberty Financial reportedly sells Ethereum amid $125M loss
World Liberty Financial (WLFI), the DeFi project partly owned by US President Donald Trumps family, has begun offloading some Ethereum holdings amid the top assets recent price struggles.
On April 9, blockchain analysis platform Lookonchain, citing data from Arkham Intelligence, reported that a wallet linked to the DeFi venture sold 5,471 ETH for approximately $8.01 million at an average price of $1,465.
The sale marks a significant setback for the firm, considering WLFI previously spent $210 million to accumulate 67,498 ETH at an average of $3,259 per coin.
Based on current prices, Lookonchain stated that the firm is staring at an unrealized loss of about $125 million.
World Liberty Financial has yet to comment publicly on these sales.
Meanwhile, the sell-off reflects broader concerns in the Ethereum market.
Over the past week, ETH dipped below the $1,500 mark amid a 56% year-to-date correction. ETHs current price now sits below its realized price, causing concerns for its investors
Market analysts have attributed the slump in part to geopolitical tensions, including the ongoing Trump tariff dispute, which has triggered uncertainty in traditional and crypto markets.
DWF Labs Invests $25M in WLFI Tokens
Despite ETHs downturn, WLFI secured a significant vote of confidence from DWF Labs.
Onchain data shared by the pseudonymous crypto analyst ai_9684xtpa revealed that the Web3 market maker subscribed to 250 million WLFI tokens for $25 million USDC.
According to the analyst, this valuation is nearly seven times higher than the original offering price of $0.015 and double the second-round rate of $0.05.
Notably, this comes a few days after Lookonchain reported that DWF Labs had received 1 million USD1, the stablecoin launched by the Trump-backed project, for market-making purposes.
USD1 is designed to be a fully collateralized stablecoin, maintaining a 1:1 peg with the US Dollar.
The digital asset has drawn considerable attention since its launch, with WLFI recently submitting a proposal to airdrop USD1 to its token holders. This initiative aims to test WLFIs distribution model and reward early adopters ahead of the stablecoins public rollout.
The post Donald Trumps World Liberty Financial reportedly sells Ethereum amid $125M loss appeared first on CryptoSlate.
Text source: CryptoSlate
