World Liberty Financial, a decentralized finance (DeFi) startup backed by the Donald Trump family, has begun shedding its Ethereum (ETH) holdings following heavy losses exceeding $125 million. A wallet closely associated with World Liberty Financial sold 5,471 ETH worth around $8 million today, according to Arkham’s on-chain analytics. The tokens were reportedly sold for $1,465 each, a sharp drop from the $3,259 purchase price recorded at the beginning of the year. The sell-off comes just two months after Eric Trump, the US president’s son, described it as a “great time to buy ETH” when the asset was trading at $2,880. Related News: BlackRock CEO Larry Fink Issues Stark Warning Amid Fall Despite the recent sale, the primary wallet linked to World Liberty Financial still holds $98 million in crypto assets and has $11.7 million in ETH remaining. Donald Trump also took to social media platform Truth Social to assess current market conditions, saying today is a “great time to buy” as global markets fall due to escalating trade war concerns. Since Trump’s inauguration on January 20, major markets have seen significant declines, with the Nasdaq down 20%, the S&P 500 down 17%, and Bitcoin (BTC) down 24%. Memecoins associated with the Trump brand have fared even worse: TRUMP is down 83%, while MELANIA is down a staggering 95%. *This is not investment advice. Continue Reading: After Declines, Donald Trump’s Project Also Couldn’t Resist: They Started Selling Altcoin, Here’s What They Did
