Trump-Backed World Liberty Financial Sells ETH at a Colossal Loss
World Liberty Financial, a DeFi project backed by the Trump family, appears to have sold 5,471 ETH at $1,465 each, resulting in a massive loss compared to their initial purchase of 67,498 ETH at $3,259 each. The estimated total loss for World Liberty’s ETH investment exceeds $125 million. The Trump family’s silence contrasts with Eric Trump’s previous enthusiasm as Ethereum dropped by 50%.
A Massive ETH Sell-Off at a Loss for World Liberty?
A wallet suspected to be linked to World Liberty Financial, a DeFi project supported by the Trump family, has reportedly liquidated 5,471 ETH at an average price of $1,465 per unit. The total amount of the sale is approximately $8 million. This operation highlights the financial disaster of the project, which began with a colossal purchase of 67,498 ETH at an average price of $3,259, amounting to a expenditure of over $210 million.
Ethereum Plummets, Trump Remains Silent
Since Eric Trump’s initial enthusiastic endorsement of Ethereum, the second-largest cryptocurrency has plummeted nearly 50%. This silent debacle sharply contrasts with the triumphant statements made by the project’s web3 ambassador. The current silence from the Trump family regarding this operation raises questions about the strategic management of the crypto portfolio associated with the project.
The context is equally unfavorable for other major cryptocurrencies. Bitcoin has experienced a 20% decline since February. XRP and Cardano have each seen a 30% drop. Solana is hemorrhaging nearly 50%, and Dogecoin has collapsed by 47%. Only TRON and BNB seem to temporarily escape this downward trend.
World Liberty: Tense Governance
In addition to poor financial management, World Liberty faces growing criticism regarding the transparency of its operations. Accused multiple times of unauthorized token sales or exchanges, the project has consistently denied these allegations. However, the increasing controversies fuel suspicion and further undermine the credibility of an initiative already burdened by disastrous investment choices.
As the crypto market undergoes a severe correction phase, World Liberty may symbolize the failure of a model where political marketing, rampant speculation, and opaque governance intertwine without coherence. It serves as a bitter lesson for investors and a clear warning for those who confuse media influence with blockchain expertise.
