David Edwards
According to reports, a cryptocurrency wallet linked to World Liberty Financial, the Trump family-backed decentralized finance (DeFi) initiative, has liquidated 5,471 ETH, or around $8 million at today’s exchange rates. The blockchain analytics tool Lookonchain revealed that the transactions occurred at an average price of $1,465 per Ethereum token, which was significantly less than the project’s initial entrance point.
The information indicates that World Liberty initially purchased 67,498 ETH at an average price of $3,259, for a total investment of about $210 million. The position is currently under $125 million based on Ethereum’s current market price, which reflects the sharp decline in the value of digital assets.
World Liberty’s losses have been exacerbated by the intense pressure on the larger cryptocurrency market. Ethereum has dropped more than 40% from its recent peaks, while Bitcoin has dropped more than 20% since early February. Even bad have been altcoins: Dogecoin has lost about 47%, Solana has fallen by 50%, and XRP and Cardano are each down about 30%. TRON and Binance Coin have proven to be rather strong among large assets.
For months, World Liberty has been the subject of criticism due to purported irregularities in its fundraising and token management procedures. The project has openly denied allegations of illicit sales or exchanges in spite of these reservations. A spokesman responding to recent blockchain activity said:
“We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements. To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes.”
The project’s financial difficulties coincide with a delicate political moment because World Liberty’s web3 ambassador, Eric Trump, has been aggressively pushing the platform among conservative online communities. Such connections, according to critics, conflate political branding with risky investment schemes.
