ETH has fallen nearly 50% since Eric Trump’s promotional tweet
Trump-linked crypto project World Liberty Financial (WLFI) has denied reports that it is selling off its ether (ETH) with the currency down 46% since Eric Trump recommended buying it. This week, crypto analytics firm Arkham showed that a wallet, possibly linked to WLFI, sold 5,471 ETH, worth roughly $8 million, when the currency’s price fell to $1,465. However, WLFI denies this. A spokesperson told CoinDesk today, “The claims that World Liberty Financial has sold any of its holdings are wholly inaccurate. WLFI has not sold any positions as currently reported. Speculation to the contrary is false.” WLFI’s ETH investments are also reportedly suffering from roughly $125 million worth of unrealized losses as of Wednesday. Has Trump's World Liberty(@worldlibertyfi) started selling $ETH at a loss? According to Arkham, a wallet possibly linked to #WorldLiberty sold 5,471 $ETH($8.01M) at $1,465 30 minutes ago.#WorldLiberty previously spent ~$210M to buy 67,498 $ET...