World Liberty Financial, the Defi project backed by the Donald Trump family, according to the reports, began selling its Ether hiding place (eth) at $ 1,465 per Token despite buying the asset for $ 3,259 at the beginning of the year.
The data in the Arkham chain show that a wallet closely linked to World Liberty Financial sold 5,471 ETH for around $ 8 million on Wednesday after accumulating a loss of $ 125 million.
The sale occurs only two months after Eric Trump, the son of the president of the United States, said it was a good time to buy ETH, which was quoted at $ 2,880.
The main Financial World Liberty wallet still has $ 98 million in cryptography, of which $ 11.7 million are in ether.
Donald Trump wrote on Wednesday that it is a “great time to buy” in Truth Social, while global markets fell on the growing risks of a commercial war.
Since Trump was inaugurated on January 20, Nasdaq has dropped by 20%, S&P 500 by 17%and Bitcoin (BTC) by 24%.
Trump’s Memecoins and Melania has been worse, losing 83% and 95%, respectively, from the opening of Trump’s January 20.
World Liberty Financial did not respond immediately to the request for comments from Coindesk.
