{"id":154939,"date":"2025-04-10T09:00:12","date_gmt":"2025-04-10T06:00:12","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=154939"},"modified":"2025-04-10T09:40:17","modified_gmt":"2025-04-10T06:40:17","slug":"trump-backed-defi-project-under-pressure-as-eth-holdings-sold-at-heavy-loss","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/trump-backed-defi-project-under-pressure-as-eth-holdings-sold-at-heavy-loss\/","title":{"rendered":"Trump-Backed DeFi Project Under Pressure as ETH Holdings Sold at Heavy Loss"},"content":{"rendered":"<p>Blockchain intelligence platform <strong><a href=\"https:\/\/x.com\/lookonchain\/status\/1909782070618210423\" rel=\"nofollow\">Lookonchain<\/a><\/strong>\u00a0reports that the wallet sold 5,471 ETH worth roughly $8 million at an average price of $1,465.<\/p>\n<p>That\u2019s a steep decline from WLFI\u2019s earlier acquisition of 67,498 ETH at an average of $3,259 per token\u2014leaving the project with a paper loss exceeding $125 million.<\/p>\n<p>While the ownership of the wallet isn\u2019t definitively confirmed, the pattern suggests significant movement from addresses linked to WLFI. Trump launched the platform late last year, positioning it as a financial alternative for individuals excluded from traditional banking systems.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-154930\" href=\"https:\/\/cryptodnes.bg\/en\/china-slaps-84-tariff-on-u-s-imports-what-could-it-mean-for-crypto\/\" title=\"China Slaps 84% Tariff on U.S. Imports \u2013 What Could It Mean for Crypto?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/11\/chinausaamerica-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">China Slaps 84% Tariff on U.S. Imports \u2013 What Could It Mean for Crypto?<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>This ETH sell-off comes as market conditions worsen across the board. Lookonchain also flagged large-scale Solana (SOL) liquidations by whales, some of whom appear to be covering leveraged positions. One whale holding over $190 million in SOL reportedly sold $10.7 million in the last half hour alone.<\/p>\n<p>As both major institutions and DeFi whales retreat from volatile altcoins, questions are emerging about how long platforms like WLFI can sustain operations\u2014and whether further liquidations are looming.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A wallet believed to be connected to World Liberty Financial (WLFI), a decentralized finance platform backed by the U.S. President Donald Trump, has reportedly offloaded millions in Ethereum (ETH) far below its purchase price\u2014raising eyebrows in the crypto community.<\/p>\n","protected":false},"author":3,"featured_media":22498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[270,108,266,122,248],"coin_category":[],"class_list":["post-154939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-price","tag-solana","tag-trump","tag-whales"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump-Backed DeFi Project Under Pressure as ETH Holdings Sold at Heavy Loss<\/title>\n<meta name=\"description\" content=\"A wallet believed to be connected to World Liberty Financial (WLFI), a decentralized finance platform backed by the U.S. President ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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