Defi Trump Project incurs heavy Ethereum losses. Market analysts warn of possible price declines. $1,200 level crucial for support.
Donald Trump’s project named ‘World Liberty Financial’ recently sold approximately 5,471 units of Ethereum worth around $8.01 million. Data from the Archam platform shows that this sale was done at a price of $1,465 per unit, resulting in a significant loss for the project compared to the average purchase price of $3,259. It is estimated that this entity has faced a total loss of around $125 million. Meanwhile, an old market whale also cashed out 10,000 units of Ethereum after 900 days of holding, exiting the market with a profit of $2.75 million. Analysts warn that further Ethereum price decline may be continuous, and the $1,200 level has been suggested as the next key support.
