A crypto wallet linked to the World Liberty Financial project, associated with the Trump family, has executed a sale of 5,471 ETH, drawing significant market attention.
Sale of Ethereum and Financial Losses
The wallet associated with World Liberty Financial sold 5,471 Ethereum for about $8.01 million. The transaction, confirmed by blockchain analytics firm Lookonchain, occurred at a price of $1,465 per ETH. Analysts note that the ETH was initially acquired at an average price of $3,259 per token, indicating a realized loss of over 55 percent.
Growing Interest in the Project
Public interest in the project has increased as media outlets linked it to members of the Trump family. Eric Trump's appointment as a 'Web3 ambassador' for another project and his positive outlook on Ethereum's future have attracted attention to the project.
Current Market Conditions for Ethereum
Ethereum continues to face pressure in the market, with the token priced at $1,488.08, reflecting a 5 percent decrease in the last 24 hours. Technical indicators suggest possible further declines. Analysts predict that the price may drop to $1,200, potentially stabilizing at that level.
The reported WLFI-linked Ethereum sale underscores growing unease in the crypto market. With significant losses and weakening technical indicators, Ethereum's near-term outlook remains under scrutiny.
