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A portfolio that would be linked to World Liberty Financial (WLFI), a decentralized financial platform supported by US President Donald Trump, would have unloaded millions in Ethereum (ETH) well below his purchase price – the eyebrows of the cryptographic community.
Blockchain Intelligence Platform Lookonchain reports that the portfolio sold 5,471 ETH worth around $ 8 million at an average price of $ 1,465.
This is a sharp drop in the previous WLFI acquisition of 67,498 ETH with an average of $ 3,250 per token, leaving the project with a loss of paper greater than $ 125 million.
Although the ownership of the portfolio is not definitively confirmed, the model suggests a significant movement from addresses related to WLFI. Trump launched the platform at the end of last year, positioning it as a financial alternative for individuals excluded from traditional banking systems.
This sale of ETH comes as market conditions aggravate at all levels. Lookonchain has also reported liquidations of Solana on a large scale (soil) by whales, some of which seem to cover leverages. A whale with more than $ 190 million on the ground would have sold $ 10.7 million in the last half hour.
While large institutions and DEFI whales withdraw volatile altcoins, questions emerge over the duration of platforms like WLFI can maintain operations – and if new liquidations are looming.
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