Lookonchain Flags Large ETH Sale From Wallet Associated with WLFI Project

Wallet linked to Trump-associated WLFI reportedly sells $8M ETH at major loss Sale price ($1,465) far below reported avg buy price ($3,259), implies distress Context: Loss-making ETH sale raises questions on WLFI motive (distress or conviction) A crypto wallet reportedly tied to World Liberty Financial (WLFI)—a project sometimes associated with the Trump family—has sold off a large amount of Ethereum (ETH), sending ripples through the crypto community. Blockchain analytics firm Lookonchain reported that 5,471 ETH, worth about $8.01 million at the time, was sold in a single transaction. The sale price was $1,465 per ETH, drawing attention not only for its size but because it likely represents steep losses for the seller. https://twitter.com/lookonchain/status/1909782070618210423 Related: Trump-Linked World Liberty Financial Announces USD1 Airdrop Test WLFI Faces Significant Loss on ETH Sale If this wallet connection is accurate, the sale marks a major realized loss for WLFI holdings. The project is believed by some market watchers to have originally purchased a larger sum of 67,498 ETH at an average price near $3,259 per token, totaling an in… The post Lookonchain Flags Large ETH Sale From Wallet Associated with WLFI Project appeared first on Coin Edition .

Source: Coin Edition