Trump-Linked WLFI Dumps $8M in Ethereum at Loss as Market Bleeds

• WLFI wallet sold 5,471 ETH at $1,465 just before the project went public.
• Technicals show ETH is oversold, with RSI at 35.98 and CMF at -0.21.

A wallet allegedly tied to Trump-supported World Liberty Financial (WLFI) sold 5,471 ETH at $1,465 per coin, according to Lookonchain data sourced from Arkham. The sale, valued at $8.01 million, occurred just before the news broke, prompting questions about the project’s financial position and broader market strategy.

WLFI initially spent $210 million, acquiring 67,498 ETH at an average of $3,259 per token. The fire-sale price reflects a steep 55% decline from its entry point, leaving the project nursing an unrealized loss of roughly $125 million. This decline comes as Ethereum struggles under persistent market pressure, shedding 24% in the past seven days.

WLFI’s ETH sale aligns with a deeper trend across crypto. Market-wide losses accelerated after Trump’s proposed global tariffs rattled investor confidence. Bitcoin has dropped over 20% since February, while altcoins like XRP, Cardano, and Solana plunged up to 50%.

Ethereum (ETH) in Today’s Market

Ethereum currently trades at $1,480.25, down 5.61% on the day. Its market capitalization stands at $178.63 billion, with a 24-hour trading volume of $27.67 billion, down 12.56%. The market cap ratio of 15.59% signals moderate market activity despite the broader sell-off.

Technical indicators from TradingView suggest that Ethereum remains under intense bearish pressure. The Relative Strength Index (RSI) is at 35.98, just below its moving average of 30.99, showing weak momentum and signaling that the asset is oversold but not yet poised for a reversal.

The Chaikin Money Flow (CMF) stands at -0.21, confirming sustained capital outflows and negative buying pressure. Despite a brief bounce, Ethereum has yet to reclaim key resistance levels. Immediate resistance is observed near $1,540, while support lies around $1,420. If the latter breaks, prices could retest the $1,360 zone.

Meanwhile, Lookonchain also tracked two whale transactions unrelated to WLFI. One whale injected 10,000 ETH to prevent liquidation, while another lost 67,570 ETH worth over $100 million in a failed DeFi position. 

Highlighted Crypto News Today
Is PancakeSwap (CAKE) Gearing Up for a Breakout or Breakdown?