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The collapse of the Ethereum price at $ 1,400 has shaken the cryptocurrency market, amplifying the already volatile conditions. This dramatic drop in prices comes after a Major Eth Sell-Off From the World Liberty Finance of the President of the United States Donald Trump, suggesting that the recent landfill may have been a primary catalyst behind Eth’s price has collapsed.
Blockchain Lookonchain analysis platform revealed on April 9 via X (previously Twitter) to which the associated portfolio World Liberty FinanceA decentralized financial protocol connected to Trump, recently downloaded a significant amount of Ethereum. Interestingly, this Sell-Off has arrived just before Ethereum price crashlifting the question if it has contributed to the unexpected decline.
Donald Trump’s World Liberty Finance Download Eth
Launched in 2024, World Liberty Finance is The controversial company of Trump digital resources designed to compete with centralized bank and facilitate the Adoption of Stablecoin. According to Lookonchain data, Trump’s World Liberty Finance, which was previously accumulating Ethereum at a low price, is now selling a large slice of his participation in a strong loss.
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Lookonchain reported the transaction, observing that the portfolio connected to World Liberty Finance had downloaded 5,471 token ETH for a value of approximately $ 8.01 million. The Sell-off was performed at a price of $ 1,465 for Eth, a significant drop compared to its previous value of over $ 1,600.
In particular, the Sell-off Eth move by World Liberty Finance has raised its eyebrows throughout the cryptocurrency community. It seems to mark a shift of strategy for a player who was previously known for a large -scale scale Accumulation of Eth.
According to Lookonchain, the Wallet address Linked to World Liberty Finance had accumulated a total of 67,498 Eth at an average price of $ 3,259. This means that the decentralized financial protocol spent a total of $ 210 million to accumulate such a large amount of ETH.
At its price of selling out, this leaves the entity sitting on a non -disconcerting loss not made of about $ 125 million. The recent Sell-off also adds more fuel to the growing uncertainty that surrounds the future prospects of Ethereum, since the recent collapse of cryptocurrency prices has aroused even more Bearish forecasts continuously decline.
Although the reason behind the unexpected Eth Eth Eth of World Liberty Finance remains unclear, some believe that the landfill was probably triggered by the continuous drop in Ethereum prices, while others suggest that it could report a market fund.
Ethereum Price Crash at $ 1,400
Ethereum’s price decline A $ 1,400 was a shock for the market, making it the first time that the cryptocurrency has decreased so low in seven years. In particular, Ethereum was not the only leader cryptocurrency that was influenced by the turbulence of the market, as great players like Bitcoin also underwent losses.
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Currently, Ethereum seems to recover slightly from its precedent minimum and is now exchanged at $ 1,591 after skipping 7.44%. Although this recovery brings hope for a reboundThe value of the cryptocurrency has still decreased by 16.63% in the last month. Also, technical indicators from Coincodex make evident That feeling that surrounds the cryptocurrency is still deeply bearish, suggesting that Further decreases It could be on the horizon.
In the foreground image from Usplash, a graphic designer from tradingview.com