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.
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…
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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.
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.
Read More