Trump-linked Crypto Project World Liberty Financial (WLFI) has denied reports that it has reduced its currency (ETH) by 46% since Eric Trump recommended it to buy it.
This week, Crypto Analytics company Arkham showed that a wallet, possibly linked to WLFI, sold 5,471 ETH when the currency price fell to $1,465.
However, WLFI denies this. The spokesman told Koindsk today:
WLFI’s ETH investment is reportedly suffering roughly Unrealized losses worth $125 million As of Wednesday.
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Eric Trump was WLFI’s “Web3 Ambassador,” and in early February, “In my opinion, it’s the best time to add $eth. I can thank you later.” This last “thank you” was removed shortly afterwards. ETH was trading around $2,877 at the time, but is now worth $1,557according to Coingecko.
Eric’s father, Donald Trump, also recently said, “This is the perfect time to buy a DJT.” This sparked debate over whether the US president is insider trading, as DJT is a ticker for his media stocks.
All this is happening in the midst of the world trade war that Trump began, and is now escalating to China, which is now leviing 125% tariffs on the US.
