World Liberty Financial sells $8M in Ethereum amid losses
World Liberty Financial supported by Trump seems to unload Ethereum following increasing losses while the ETH dives less than $ 1,500.
According to data shared on X by Lookonchain, on April 9, a portfolio linked to WLFI would have sold 5,471 Ethereum (Ethn) for around $ 8 million, for $ 1,465 per room.
Sale represents a major loss. WLFI had previously spent around $ 210 million to acquire 67,498 ETH at an average price of $ 3,250. At current prices, the company is seated with an unrealized loss of approximately $ 125 million.
Despite the losses, the company has actively expanded its product range. March 25, WLFI confirmed The launch of USD1, a stablecoin supported 1: 1 in cash, short -term US treasury bills and equivalents. The token is currently live on Ethereum and BNB chain, with more upcoming networks.
WLFI claims that USD1 is designed for institutions looking for transparency and compliance, with reservations audited by third parties and the guard managed by Bitgo. The shock is promoted as a sure substitute for algorithmic or sub-collateralized tokens.
WLFI was created in 2024 and is positioned as a decentralized financial platform which provides financial tools based on blockchain technology. Thanks to its sale of tokens, the project raised $ 550 million, including $ 75 million from the founder of Tron Justin Sun, which later seal The platform as an advisor. However, the company faced governance concerns and criticism of political influence because of its Trump links.
As reported By crypto.News On April 1, the Trump family acquired majority control of the platform in January by acquiring a share of 60% through a new portfolio company, WLF Holdco LLC. Consequently, they will control 60% of the operating profits from the company after the platform is fully operational, and they are also entitled to 75% of token sales income as part of the new structure.
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