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Lookonchain Flags Large ETH Sale From Wallet Associated with WLFI Project

8d ago
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Trump-Linked WLFI Wallet Sells $8M ETH at Significant Loss
  • Wallet linked to Trump-associated WLFI reportedly sells $8M ETH at major loss
  • Sale price ($1,465) far below reported avg buy price ($3,259), implies distress
  • Context: Loss-making ETH sale raises questions on WLFI motive (distress or conviction)

A crypto wallet reportedly tied to World Liberty Financial (WLFI)—a project sometimes associated with the Trump family—has sold off a large amount of Ethereum (ETH), sending ripples through the crypto community.

Blockchain analytics firm Lookonchain reported that 5,471 ETH, worth about $8.01 million at the time, was sold in a single transaction. The sale price was $1,465 per ETH, drawing attention not only for its size but because it likely represents steep losses for the seller.

https://twitter.com/lookonchain/status/1909782070618210423

Related: Trump-Linked World Liberty Financial Announces USD1 Airdrop Test

WLFI Faces Significant Loss on ETH Sale

If this wallet connection is accurate, the sale marks a major realized loss for WLFI holdings. The project is believed by some market watchers to have originally purchased a larger sum of 67,498 ETH at an average price near $3,259 per token, totaling an in…

The post Lookonchain Flags Large ETH Sale From Wallet Associated with WLFI Project appeared first on Coin Edition.

8d ago
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