World Liberty Financial Sells Ethereum Amid Losses
World Liberty Financial Sells Ethereum Amid Losses

World Liberty Financial Sells Ethereum Amid Losses

News summary

World Liberty Financial, associated with Donald Trump, has sold 5,471 ETH for $8 million, resulting in an unrealized loss of around $125 million as it originally purchased 67,498 ETH at $3,259 each. This decision comes amid Ethereum's price trading below its Realized Price, reflecting investor losses and increased selling pressure. The market turmoil is further exacerbated by geopolitical tensions, including new tariffs introduced by the Trump administration, impacting both traditional and crypto markets. Other large Ethereum holders, or 'whales,' are also reportedly selling off assets amid the downturn. Despite the bearish conditions, some analysts believe that Ethereum could recover to $5,000-$7,000. Additionally, World Liberty Financial is launching a stablecoin, USD1, backed by US treasuries and dollar deposits, to stabilize its portfolio.

Story Coverage
Bias Distribution
50% Center
Information Sources
daae85f0-2883-42fc-b085-888140adf30d98605d3a-f647-49a6-87c7-2db995124a5a
Left 50%
Center 50%
Coverage Details
Total News Sources
2
Left
1
Center
1
Right
0
Unrated
0
Last Updated
8 days ago
Bias Distribution
50% Center
Related News
Daily Index

Negative

23Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Present

Gift Subscriptions

The perfect gift for understanding
news from all angles.

Related News
Recommended News