1 month ago
World Liberty Financial, the Donald Trump family-backed DeFi project, reportedly started to merchantability its ether (ETH) stash astatine $1,465 a token contempt purchasing the plus for $3,259 astatine the commencement of the year.
On-chain information from Arkham shows that a wallet intimately tied to World Liberty Financial sold 5,471 ETH for astir $8 cardinal connected Wednesday aft racking up a $125 cardinal loss.
The merchantability comes conscionable 2 months aft Eric Trump, the U.S. president's son, said it was a large clip to bargain ETH, which was trading astatine $2,880.
The main World Liberty Financial wallet inactive holds $98 cardinal worthy of crypto, $11.7 cardinal of which is successful ether.
Donald Trump wrote connected Wednesday that it is simply a "great clip to buy" connected Truth Social portion planetary markets tumbled connected the escalating risks of a commercialized war.
Since Trump was inaugurated connected Jan. 20 the Nasdaq is down by 20%, S&P 500 by 17% and bitcoin (BTC) by 24%.
The TRUMP and MELANIA memecoins person fared worse, losing 83% and 95%, respectively, since Trump's Jan. 20 inauguration.
World Liberty Financial did not instantly respond to CoinDesk's petition for comment.
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