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Is Trump Selling Ethereum at a Loss for His Cryptocurrency Project? $8 Million Shock! - Coin Bulletin
Donald Trump supported World Liberty has come to the forefront with claims that it made a loss on the sale of approximately 8 million dollars worth of Ethereum (ETH).
According to the information shared by the crypto analysis platform Lookonchain, a total of 5.471 ETH was sold from the wallet address of the project named World Liberty, which is believed to be connected to Trump, just half an hour ago. The total amount obtained from this sale was approximately 8.01 million dollars. In this transaction monitored by Arkham, the ETH price was traded at the level of 1,465 dollars.
World Liberty had previously purchased a total of approximately 210 million dollars worth of 67,498 ETH at an average price of 3,259 dollars. This sale, conducted under current market conditions, means that the project has incurred significant losses. The loss resulting from the sale is currently reported to be approximately 125 million dollars.
Trump’s reaction on social media to Ethereum loss
The significant loss experienced by the World Liberty project has caused serious repercussions on social media. Trump's sell-off of his cryptocurrency project has created astonishment among investors and raised questions about the project's financial management. Some commentators have expressed that this move could further lower market expectations and the ETH price.
Currently, there has been no official statement from World Liberty regarding the reason for this sale. However, analysts believe that market conditions and the decline in ETH price may have influenced the project's decision to sell.