A wallet that may be linked to World Liberty Financial, a Defi project approved by the Trump family, may have offloaded 5,471 ETH. New Report From lookonchain.
This sale shows a sharp loss compared to previous investments in global freedom. The project previously had 67,498 ETH for around $210 million, which averaged $3,259 per token.
World Freedom is currently underwater at around $125 million, based on the current price of ETH.
The second-largest cryptocurrency, which has fallen by more than 40% by Eric Trump, the project’s Web3 ambassador, has dropped by more than 40%. According to Ethereum, the bull was posted. TradingView.
Beyond Ethereum’s plight, the crypto market has experienced a sharp recession. Bitcoin has dropped by more than 20% since early February, but XRP and Cardano each have lost around 30%.
Solana is particularly violently attacked, running almost 50%, and Dogecoin is down by about 47%.
Tron and Binance Coin are the most resilient of the top 10.
World Liberty has been involved in several controversies regarding the sale and management of tokens. However, the project strongly denies allegations of selling or swapping fraudulent tokens.
We take the routine movement of Crypto Holdings as part of our regular financial management, addressing fees and expenses payments, and working capital requirements. To be clear, we don’t sell tokens. We simply reassign assets for normal business purposes. …
– wlfi (@worldlibertyfi) February 3, 2025
