Trump-Linked Wallet Sells Massive Stake in Ethereum, Signaling Market Weakness

A crypto wallet connected to World Liberty Financial (WLFI), a project linked to the Trump family, has sold nearly $8 million worth of ETH, raising concerns about market instability. The sale, tracked by blockchain analytics firm Lookonchain, occurred at a price of $1,465 per ETH, signifying a significant loss for the wallet’s previous investment. Market analysts believe WLFI initially acquired its Ethereum holdings for an average price of around $3,259 per token, resulting in a realized loss exceeding 55 percent on this sale.