Trump-supported World Liberty Financial seems to load Ethereum after increasing losses, because ETH deposits below $ 1500.
According to data shared on X by Lookonchain, on 9 April, a wallet was reportedly linked to WLFI 5.471 Ethereum (ETH) sold for around $ 8 million, at a price of $ 1,465 per coin.
The sale represents a big loss. WLFI had previously spent around $ 210 million to acquire 67,498 ETH for an average price of $ 3,259. At the current prices, the company is on a non -realized loss of around $ 125 million.
Despite the losses, the company has actively expanded its product setup. On March 25, WLFI confirmed the launch of USD1, a stablecoin supported 1: 1 by cash, short -term American treasury and equivalents. Token is currently live on Ethereum and BNB chain, with even more networks.
WLFI claims that USD1 is built for institutions that are looking for transparency and compliance, with reserves that are checked by third parties and guardianship treated by Bitgo. The Stablecoin is promoted as a safe replacement for algorithmic or undercollateral tokens.
WLFI was founded in 2024 and positions itself as a decentralized financial platform that offers financial tools based on blockchain technology. Due to his token sale, the project collected $ 550 million, including $ 75 million from Tron founder Justin Sun, who later came to the platform as a consultant. However, the company has confronted with regard to concern about governance and criticism of political influence because of its Trump connections.
As reported by crypto.news on 1 April, the Trump family received majority control over the platform in January by acquiring a share of 60% via a new holding company, WLF Holdco LLC. As a result, they will arrange 60% of the company’s operational profit after the platform is fully operational, and they are also entitled to 75% of the token turnover in the new structure.
