Trump-Backed World Liberty Financial Sells 5,471 ETH for $8 Million

World Liberty Financial, a DeFi project backed by the Trump family, began selling its ether (ETH) holdings at $1,465 per token, having purchased them for $3,259 earlier this year.

A wallet linked to World Liberty Financial sold 5,471 ETH for approximately $8 million, resulting in a $125 million loss.
This sale occurred two months after Eric Trump suggested it was a good time to buy ETH at a price of $2,880.
The main wallet still holds $98 million in crypto, with $11.7 million in ether.
Donald Trump stated on Truth Social that it is a "great time to buy" amid global market declines.
Since Trump's inauguration on January 20, the Nasdaq has dropped 20%, the S&P 500 by 17%, and bitcoin (BTC) by 24%.
Memecoins TRUMP and MELANIA have seen losses of 83% and 95%, respectively, since the same date.

World Liberty Financial has not commented on the situation.