Ethereum Wallet Linked to Trump Family Sells $8 Million in ETH Amid Market Turmoil: WLFI’s Financial Nightmare
In a move that has shaken the crypto market, an Ethereum wallet believed to be linked to World Liberty Financial Inc. (WLFI) – a financial venture linked to former President Donald Trump’s family – has dumped over 5,400 ETH worth around $8 million at a significant discount to its initial purchase price.
The move comes as global financial markets are going through a severe shakeout, sending both traditional and crypto investors into extreme defensive mode.
Trump Family Suffers Heavy Losses on Ethereum
According to data from Arkham Intelligence, at 4:35 a.m. UTC on Thursday, an Ethereum wallet linked to WLFI moved over 5,471 ETH to DeFi protocols like Aave and CoW Protocol – a clear signal of a sell-off.
The ETH was sold at an average price of $1,465 per ETH, just before Ethereum bounced slightly from its intraday low of $1,398. Despite the slight recovery, the sale price is still well below the average price of $3,259 per ETH that WLFI spent to buy more than 67,000 ETH earlier. At current prices, the investment is recording a deficit of nearly $125 million - a figure enough to make any balance sheet tremble.
Global Market Turmoil, Crypto Under Double Pressure
It's not just crypto, traditional markets are also suffering from financial storms. The S&P 500 has dropped below 5,000 points, while the Dow Jones has dropped more than 3,300 points (equivalent to 8.05%) in just 5 days - an alarming decline. In Europe, the STOXX 600 was not spared, falling more than 3% in a single session.
The situation was further complicated by the escalation of the tariff war between China and the US, with new tariffs exceeding 100%. These developments have directly impacted investor confidence, causing money to flee from risky assets – including Ethereum.
Could Ethereum fall further?
Although ETH is holding temporary technical support, data from IntoTheBlock shows that on-chain metrics such as network growth and token distribution remain neutral. Furthermore, the extremely high correlation coefficient of 0.92 with Bitcoin makes ETH vulnerable to large moves from the leading coin.
More worryingly, the Chaikin Money Flow indicator is flashing at -0.20, indicating that selling pressure is still overwhelming the accumulation trend.
Whales are quietly accumulating in the dark
Amid the sell-off, some Ethereum whales are taking advantage of the low price to accumulate. One massive transaction saw 355,000 ETH worth over $519 million being withdrawn from Kraken and transferred to a self-custody wallet.
This is a sign that long-term confidence in Ethereum remains strong, even though overall flows remain skewed toward selling. Analysts say that the quiet actions of whales often precede major moves – positive or negative – in the market.
Why it matters
A loss of hundreds of millions of dollars from an organization linked to America’s most powerful political family is a reminder that the crypto market is unforgiving to everyone – whether retail investors or global giants.
At the same time, WLFI’s sell-off is also a clear demonstration of the connection between digital assets and the global economic and political situation. Ethereum is no longer just a blockchain technology – it has become a financial asset deeply influenced by global macro.
Conclusion
While the market continues to fluctuate, the actions of WLFI and other large investors will be important indicators of where Ethereum is headed next. The turmoil may not be over yet – but for the brave investors, this could also be a golden opportunity to buy when others are afraid.