Trump-backed World Liberty Financial begins with Ether’s sale because losses are top $ 125m
World Liberty Financial, Donald Trump’s family support, has been reported to have begun to sell its ether (Eth) stash at $ 1,465 a token despite buying an asset for $ 3,259 at the start of the year.
The on-chain data from Arkham It has been shown that a purse near the World Liberty Financial is selling 5,471 ETH for $ 8 million on Wednesday after racking a $ 125 million loss.
The sale arrived just two months after Eric Trump, the son of the President of the United States, said it was a great time to buy ETH, which traded at $ 2,880.
The main World Liberty Financial Wallet holds a $ 98 million crypto worth, $ 11.7 million which is in ether.
Donald Trump wrote on Wednesday that it was a “great time to buy” in social reality as global markets collapsed in rising risks of a trade war.
Since Trump was in -law on January 20 Nasdaq dropped 20%, S&P 500 of 17% and Bitcoin (Btc) of 24%.
Trump and Melania Memecoins have worsened worse, losing 83% and 95%, respectively, since Trump Jan’s inauguration. 20.
World Liberty Financial did not immediately respond to CoinDesk’s request for comment.
