The World Liberty Financial, the Donald Trump family’s supported defi project, reportedly began selling its ether (ETH) stash to $ 1,465 per year. Token despite buying the asset for $ 3,259 at the beginning of the year.
On-Chain data from Arkham shows that a wallet closely linked to World Liberty Financial sold 5,471 ETH for about $ 8 million Wednesday after putting a loss of $ 125 million.
Sales come only two months after Eric Trump, the US president’s son, said it was a good time to buy ETH, which traded at $ 2,880.
The largest world’s Liberty Financial Wallet still has $ 98 million for crypto, of which $ 11.7 million is in ether.
Donald Trump wrote on Wednesday that it is a “good time to buy” on the social of truth, while the global markets tumbled at the escalating risks of a trade war.
When Trump was inaugurated on January 20, Nasdaq is down with 20%, S&P 500 with 17%and Bitcoin (BTC) by 24%.
Trump and Melania Memecoins have managed worse and lost 83% and 95% respectively since Trump’s January 20th inauguration.
World Liberty Financial did not immediately respond to Coindesk’s request for comment.
