Trump-Linked DeFi Firm Denies Ether Sell-Off Amid Loss Rumors
Reports that World Liberty Financial, the DeFi enterprise supported by the family of US President Donald Trump, sold Ether (ETH) earlier this week have been refuted. On Wednesday, it was revealed that a wallet that is closely associated with World Liberty Financial and that blockchain data firm Arkham has identified as possibly being part of the project sold $8 million worth of Ether after unrealized losses topped $125 million.
The claims that World Liberty Financial has sold any of its holdings are wholly inaccurate. WLFI has not sold any positions as currently reported. Speculation to the contrary is false.
a World Liberty Financial spokesperson
Trump Family’s Crypto Moves in Spotlight as Ether Reclaims Value
Ether has recovered from the reported sale price of $1,465 to $1,553 after a brief relief rally in the larger cryptocurrency market on Wednesday, despite the controversy. The market is nonetheless intrigued by rumors of Trump-affiliated cryptocurrency interests, despite World Liberty Financial‘s adamant denial of any asset liquidation. When Ethereum was selling at $2,880 earlier this year, Eric Trump declared it a great time to buy—underscoring the family’s continued interest in digital assets despite erratic market conditions.
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