Ethereum Wallet Suffers Significant Losses Amid Market Turmoil

A major Ethereum wallet belonging to World Liberty Financial, a DeFi project linked to Donald Trump, has experienced substantial losses as the cryptocurrency market experiences turbulence. The wallet reportedly sold approximately 5,471 ETH at an average price of $1,465, resulting in a total loss of $8.01 million. This sale follows a sharp decline in Ethereum’s price over recent hours, prompting concerns among investors about potential market crashes.