{"id":21357,"date":"2025-04-09T17:31:56","date_gmt":"2025-04-09T17:31:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21357"},"modified":"2025-04-09T17:31:56","modified_gmt":"2025-04-09T17:31:56","slug":"wlfi-linked-wallet-offloads-ethereum-as-losses-mount-amid-falling-eth-price","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21357","title":{"rendered":"WLFI-Linked Wallet Offloads Ethereum as Losses Mount Amid Falling ETH Price"},"content":{"rendered":"
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World Liberty Financial (WLFI) \u2013 the DeFi venture tied to US President Donald Trump \u2013 appears to be offloading Ethereum amid increasing losses.<\/p>\n

According to on-chain data tracker Lookonchain, a wallet linked to WLFI sold 5,471 ETH for approximately $8 million on April 9 at a price of $1,465. This sale marks a major loss for the firm, which had previously spent around $210 million to acquire 67,498 ETH at an average price of $3,259 per coin.<\/p>\n

At the current price of Ethereum, WLFI is facing an unrealized loss of roughly $125 million. The sale could be a response to ETH\u2019s recent price drop, which has seen it plunge below the $1,500 mark.<\/p>\n

Falling ETH Price<\/h2>\n

CryptoPotato<\/em> had previously reported<\/a> that WLFI\u2019s portfolio is heavily weighted in Ethereum, which makes up 65% of its holdings. Hence, the altcoin\u2019s depreciation significantly impacted the project\u2019s overall losses. As such, the decision to offload<\/a> part of its holdings could signal a shift in strategy as it seeks to mitigate further damage from the falling ETH prices.<\/p>\n

Over the past 24 hours, Ethereum has lost more than 8%, briefly dropping to a low of $1,386 amidst a broader market downturn. The price has recovered modestly as the crypto was trading near $1,447 at the time of writing.<\/p>\n

Last month, WLFI revealed<\/a> its plans to launch USD1, a stablecoin designed to be redeemable 1:1 for the US dollar. It will be entirely backed by short-term US government treasuries, US dollar deposits, and other cash equivalents.<\/p>\n

Initially, the USD1 tokens will be minted on the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains, with future plans to expand to other networks. Each token will maintain a value of $1. Meanwhile, its backing will be supported by a reserve portfolio audited regularly by an independent third-party firm.<\/p>\n

World Liberty Financial<\/h2>\n

WLFI was introduced by Trump in September 2024. The main objective was to streamline access to financial services by cutting out intermediaries. Later, Justin Sun, the founder of Tron, came<\/a> on board as an advisor to the platform.<\/p>\n

The Trump family reportedly seized<\/a> majority control of WLFI. The family\u2019s company, DT Marks DeFi LLC, acquired a 60% stake in the platform in January 2025 through a new holding company, WLF Holdco LLC. As a result, two of WLFI\u2019s co-founders, Zak Folkman and Chase Herro, were replaced by individuals associated with the Trump family. Under the new ownership structure, the Trump family is set to control 60% of the venture\u2019s operating profits and 75% of the revenue from token sales.<\/p>\n

The post WLFI-Linked Wallet Offloads Ethereum as Losses Mount Amid Falling ETH Price<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

World Liberty Financial (WLFI) \u2013 the DeFi venture tied to US President Donald Trump \u2013 appears to be offloading Ethereum amid increasing losses. According to on-chain data tracker Lookonchain, a wallet linked to WLFI sold 5,471 ETH for approximately $8 million on April 9 at a price of $1,465. This sale marks a major loss […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21357","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21357"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21357\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}