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The Ethereum price crash at $ 1,400 has shaken the cryptography market, already amplifying volatile conditions. This spectacular price drop comes after a Major ethn sale by the World Liberty Finance of American President Donald Trump, suggesting that the recent discharge may have been a main catalyst behind ETH price collapse.
Lookonchain blockchain analysis platform revealed April 9 via X (formerly Twitter) that the associated portfolio Finance of global freedomA decentralized financial protocol linked to Trump, recently poured out a significant amount of Ethereum. Interesting fact, this sale came just before Ethereum price crashraising the question of whether it contributed to the unexpected decline.
The world of Donald Trump Liberty Finance throws Eth
Launched in 2024, World Liberty Finance is Trump’s controversial digital asset company designed to compete with the centralized bank and facilitate the Adoption of stablecoins. According to Lookonchain data, the World Liberty Finance of Trump, who previously accumulated Ethereum at a low price, now sells a large part of his detention with steep loss.
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Lookonchain pointed out the transaction, noting that the portfolio linked to World Liberty Finance had unloaded 5,471 ETH tokens worth around 8.01 million dollars. The sale was executed at a price of $ 1,465 per ETH, a significant drop in relation to its previous value of more than $ 1,600.
In particular, the move of the sale of the ETH of World Liberty Finance has raised the eyebrows through the cryptographic community. He seems to mark a change of strategy for a player who was previously known for his large scale Ethics accumulation.
According to Lookonchain, the Portfolio address Linée at World Liberty Finance had accumulated a total of 67,498 ETH at an average price of $ 3,250. This means that the decentralized financing protocol spent a total of $ 210 million to raise such a large amount of ETH.
At its sale price, this leaves the entity seated on an unrealized amazing loss of approximately $ 125 million. The recent sale also adds more fuel to increasing uncertainty surrounding the future prospects of Ethereum, because the recent price accident of the cryptocurrency has aroused even more Lowering predictions continuous decline.
Although the reason for the sale of unexpected ETH of World Liberty Finance does not remain clear, some people think that the discharge has probably been triggered by the continuous decline in Ethereum prices, while others suggest that it could point out a market.
Ethereum Crive Price at $ 1,400
The price of Ethereum decline $ 1,400 was a shock for the market, making it the first time that cryptocurrency was so low in seven years. In particular, Ethereum was not the only leading cryptocurrency which was affected by market turmoil, such as major players as Bitcoin has also undergone losses.
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Currently, Ethereum seems to recover slightly from its previous hollow and is now negotiated at $ 1,591 after jumping 7.44%. Although this recovery brings Hope of a reboundThe value of the cryptocurrency nevertheless dropped by 16.63% in the last month. In addition, technical indicators of coincocex emphasize This feeling surrounding cryptocurrency is still deeply lower, which suggests that Additional discus could be on the horizon.
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