On April 9, 2024, World Liberty Financial (WLFI), a DeFi project partly owned by Donald Trump's family, sold 5,471 ETH for approximately $8.01 million at an average price of $1,465. This sale, reported by Lookonchain citing Arkham Intelligence data, highlights the firm's unrealized loss of about $125 million, considering their initial investment of $210 million for 67,498 ETH at an average of $3,259 per coin. The sell-off occurs amidst a broader Ethereum market downturn, with ETH dipping below $1,500 following a 56% year-to-date correction. Despite this, DWF Labs subscribed to 250 million WLFI tokens for $25 million USDC, a valuation significantly higher than previous offerings.
Trump-Linked WLFI Sells $8M in ETH Amid Market Downturn, Faces $125M Unrealized Loss
Edited by: Yuliya Shumai
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