- A Trump-linked wallet sold 5,471 ETH for $8M, suffering a loss due to Ethereum’s price drop to $1,465.
- World Liberty Financial’s ETH investment suffered an unrealized loss exceeding $125M, down from an average of $3,259 per coin.
- Trump’s crypto portfolio declined from over $15M in July to $1.1M.
A wallet possibly linked to World Liberty Financial, a DeFi initiative endorsed by the Trump family, has reportedly sold 5,471 ETH at a steep loss. The sale occurred at $1,465 per coin, and the total sale reached around $8 million, according to Lookonchain data.
The sale underscores a massive downturn in World Liberty’s crypto investments. The project previously acquired 67,498 ETH for $210 million—averaging $3,259 per coin. With ETH now trading around $1,400, the project has suffered an estimated unrealized loss exceeding $125 million on its original position.
The sell-off follows Ethereum’s broader market decline. The asset has fallen over 40% since Eric Trump, acting as the project’s Web3 ambassador, publicly endorsed Ethereum. Market tracking via TradingView confirms a steep downtrend, further exacerbating investor concerns and project credibility.
Crypto Market Dips, Ethereum ETFs Suffer Net Outflows
Alongside Ethereum’s crash, the crypto market shows deep red across top assets. Bitcoin is down 20% since February, and Altcoins like XRP and Cardano are each down roughly 30%, while Solana plunged by almost 50%. Dogecoin has tumbled around 47% in the same timeframe.
TRON and Binance Coin have shown relative strength among top tokens, declining less dramatically. Meanwhile, Ethereum ETFs continue to face pressure. On April 8, all nine ETH spot ETFs recorded zero inflows, and total net outflows reached $3.29 million, according to SoSoValue. Fidelity’s FETH alone saw all of the day’s net withdrawals.
Despite recent outflows, Ethereum spot ETFs still hold a total net asset value of $4.977 billion. That accounts for 2.78% of ETH’s overall market cap. Historical net inflows for Fidelity’s ETF remain positive at $1.411 billion, reflecting long-term interest despite short-term pain.
Long-Term Ethereum Holders Also Cashing Out
Even the long-term ETH holders are beginning their selling now. Arkham Intelligence revealed that one of the prominent Ethereum whales, who had accumulated 10,000 ETH for more than 900 days, eventually unwound their position, selling for $15.71 million. By doing so, the whale managed to secure a gain of $2.75 million even though he had acquired the ETH at the significantly lower price of $1,295 per token.
This movement among long-term holders implies that even experienced investors are losing confidence in the ETH market at present. Following World Liberty Financial’s selling its holdings, there are increasing fears that additional retail panic selling is on the horizon. These ongoing liquidation trends are raising serious questions about Ethereum’s prospects for short-term recovery.
Read More: Ethereum’s Major Decline: Is $1,290 the Key Support Level for ETH?
