Essential Musings:
- A wallet, seemingly inseparable from World Liberty Financial, relinquished a tidy sum of $8 million in ether, a gesture following an accumulation of losses to the tune of $125 million. Quite the financial escapade! 🎢
- Despite this, the main coffers of WLFI still cradle a respectable $98 million in digital treasures, with $11 million in ether gently sleeping amidst them. A nest egg, indeed. 🥚💰
- This dramatic sale arrives a mere two months after Eric Trump, with a touch of irony, declared it a splendid moment to acquire ETH. Timing, as they say, is everything… or is it? ⏰😅
World Liberty Financial, the DeFi darling linked to the illustrious Trump family, has embarked on a journey of selling its ether (ETH) at the modest price of $1,465 per unit. This, despite having acquired said asset at a princely $3,259 earlier in the year. A tale as old as time: buy high, sell low. 😂
Data unearthed by the sleuths at Arkham indicates that a wallet closely intertwined with World Liberty Financial parted ways with5,471 ETH, pocketing roughly $8 million. This comes after they managed to amass a $125 million loss. One might say they’ve mastered the art of financial gymnastics. 🤸♂️
Adding to the irony, Eric Trump, the scion of the Trump dynasty, had sung the praises of ETH just two months prior, when it was perched at $2,880. Timing, it appears, is not the family forte. 🎶
Despite this, the World Liberty Financial treasury still boasts a hefty $98 million in crypto, with $11.7 million of it gleaming in ether. A silver lining, perhaps, or merely the calm before another storm? 🌪️
Meanwhile, Donald Trump took to Truth Social to herald the moment as “great” for acquisitions, as global markets recoiled at the specter of a trade war. Since his ascension on Jan.20, the Nasdaq has seen a20% tumble, the S&P500 a17% dip, and bitcoin (BTC) a24% retreat.
Not to be outdone, the TRUMP and MELANIA memecoins have staged a dramatic fall from grace, shedding83% and95% respectively since his inauguration. A fitting tribute to the volatility of both politics and crypto. 🎢
World Liberty Financial, in the grand tradition of entities caught in the midst of controversy, has yet to offer a comment on these developments. Silence, as they say, speaks volumes. 🤐
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2025-04-09 18:38