Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Ethereum Price Dump: Is Donald Trump’s World Liberty Finance Behind The Crash To $1,400?

Share This Post

The Ethereum price crash to $1,400 has shaken the crypto market, amplifying already volatile conditions. This dramatic price drop comes after a major ETH sell-off by US President Donald Trump’s World Liberty Finance, suggesting that the recent dump may have been a primary catalyst behind ETH’s price collapse.

Blockchain analytics platform Lookonchain revealed on April 9 via X (formerly Twitter) that the wallet associated with World Liberty Finance, a decentralized finance protocol linked to Trump, recently dumped a significant amount of Ethereum. Interestingly, this sell-off came just before Ethereum’s price crash, raising the question of whether it contributed to the unexpected decline.

Donald Trump‘s World Liberty Finance Dumps ETH

Launched in 2024, World Liberty Finance is Trump’s controversial digital asset firm designed to rival centralized banking and facilitate the adoption of stablecoins. According to data from Lookonchain, Trump’s World Liberty Finance, which was previously accumulating Ethereum at a low price, is now selling off a large chunk of its holding at a steep loss. 

Lookonchain flagged the transaction, noting that the wallet linked to World Liberty Finance had offloaded 5,471 ETH tokens worth roughly $8.01 million. The sell-off was executed at a price of $1,465 per ETH, a significant drop from its previous value of over $1,600. 

Notably, World Liberty Finance’s ETH sell-off move has raised eyebrows across the crypto community. It appears to mark a shift in strategy for a player who was previously known for large-scale ETH accumulation

According to Lookonchain, the wallet address linked to World Liberty Finance had accumulated a total of 67,498 ETH at an average price of $3,259. This means that the decentralized finance protocol spent a total of $210 million to amass such a large amount of ETH. 

At its sell-off price, this leaves the entity sitting on a staggering unrealized loss of around $125 million. The recent sell-off also adds more fuel to the growing uncertainty surrounding Ethereum’s future outlook, as the cryptocurrency’s recent price crash has sparked even more bearish predictions of continued decline. 

Although the reason behind World Liberty Finance’s unexpected ETH sell-off remains unclear, some believe that the dump was likely triggered by Ethereum’s ongoing price decline, while others suggest it could signal a market bottom. 

Ethereum Price Crash To $1,400

Ethereum’s price decline to $1,400 came as a shock to the market, making it the first time the cryptocurrency had fallen so low in seven years. Notably, Ethereum was not the only leading cryptocurrency that was affected by the market turmoil, as big players like Bitcoin also suffered losses.

Currently, Ethereum seems to be recovering slightly from its previous low and is now trading at $1,591 after jumping 7.44%. Although this recovery brings hope of a rebound, the cryptocurrency’s value has still dropped by 16.63% over the past month. Moreover, technical indicators from CoinCodex highlight that sentiment surrounding the cryptocurrency is still deeply bearish, suggesting that further declines could be on the horizon.

Ethereum

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

US Treasury Secretary Scott Bessent has signalled that the long-debated overhaul of banks’ supplementary leverage ratio (SLR) is imminent—a policy pivot that could reverberate through Bitcoin

Cardano (ADA) Price Analysis: ETF Approval to Push ADA Price to $0.8?

The post Cardano (ADA) Price Analysis: ETF Approval to Push ADA Price to $08 appeared first on Coinpedia Fintech News Cardano’s ecosystem is buzzing with activity as on-chain fundamentals and

XRP Price Prediction: Can a Bull Flag Pattern Trigger a Breakout to $18?

The post XRP Price Prediction: Can a Bull Flag Pattern Trigger a Breakout to $18 appeared first on Coinpedia Fintech News In the past two weeks, XRP has dropped 123%, with a 19% decline in just the

ZachXBT exposes Hyperliquid high-risk trader James Wynn’s alleged hypocrisy and deceptive tactics

Blockchain investigator ZachXBT has publicly accused high-risk trader James Wynn of hypocrisy and deceptive trading practices In a May 28 post on X, ZachXBT alleged that Wynn, who recently condemned

Best Presales to Make Millions as Top-Gaining Meme Coins Deliver Over 1,000% in Gains

Imagine investing some pocket change in a viral meme coin and walking away with millions of dollars Believe it or not, this has been the case for countless meme coin traders For example, an anonymous

Ethereum Investors Are In Big Trouble — One More Dip Could Put $123 Billion at Risk

The post Ethereum Investors Are In Big Trouble — One More Dip Could Put $123 Billion at Risk appeared first on Coinpedia Fintech News Ethereum, the world’s second-largest cryptocurrency, is
You have not selected any currencies to display