A pockets believed to be linked to World Liberty Monetary (WLFI), a decentralized finance platform backed by the U.S. President Donald Trump, has reportedly offloaded hundreds of thousands in Ethereum (ETH) far under its buy value—elevating eyebrows within the crypto group.
Blockchain intelligence platform Lookonchain stories that the pockets bought 5,471 ETH value roughly $8 million at a median value of $1,465.
That’s a steep decline from WLFI’s earlier acquisition of 67,498 ETH at a median of $3,259 per token—leaving the mission with a paper loss exceeding $125 million.
Whereas the possession of the pockets isn’t definitively confirmed, the sample suggests vital motion from addresses linked to WLFI. Trump launched the platform late final 12 months, positioning it as a monetary different for people excluded from conventional banking programs.
This ETH sell-off comes as market circumstances worsen throughout the board. Lookonchain additionally flagged large-scale Solana (SOL) liquidations by whales, a few of whom seem like overlaying leveraged positions. One whale holding over $190 million in SOL reportedly bought $10.7 million within the final half hour alone.
As each main establishments and DeFi whales retreat from risky altcoins, questions are rising about how lengthy platforms like WLFI can maintain operations—and whether or not additional liquidations are looming.
