Ethereum Price Dump: Is Donald Trump’s World Liberty Finance Behind The Crash To $1,400?
Summary
Ethereum's price plummeted to $1,400, exacerbating market volatility. This decline followed a significant sell-off by World Liberty Finance, a decentralized finance protocol linked to Donald Trump, which offloaded 5,471 ETH tokens for approximately $8.01 million at $1,465 each. Previously, World Liberty Finance had accumulated 67,498 ETH at an average price of $3,259, resulting in an unrealized loss of around $125 million. The sell-off raised concerns about Ethereum's future, with bearish predictions increasing amid the price drop. Although Ethereum's price has slightly recovered to $1,591, it remains down 16.63% over the past month, and market sentiment continues to be negative, indicating potential further declines.
