The price of Ethereum up to 1,400 USD shaken the cryptographic market, already strengthening unstable conditions. This dramatic price drop occurs after Sale of the main ETH By US President Donald Trump World Liberty Finance, suggesting that the recent dump could have been the main catalyst ETH price breakdown.

Blockchain Analytics Platform Lookonchain revealed April 9 via X (previously Twitter), with which the wallet was associated World Liberty FinanceThe decentralized financial protocol related to Trump has recently dropped a significant number of Ethereum. Interestingly, this sale came just before Ethereum price disasterBy reporting the question of whether this contributed to an unexpected inheritance.

World Liberty Finance Donald Trump drops ETH

Introduced to the market in 2024, World Liberty Finance is The controversial company of Trump’s Digital Asset designed to compete centralized banking and facilitating admission Stablecouins. According to Looconchain, World Liberty Finance Trump, who previously collected Ethereum at a low price, is now selling a vast part of his possession after a violent loss.

Looconchain marked the transaction, noting that the portfolio associated with World Liberty Finance discharged 5,471 ETH tokens worth about $ 8.01 million. The sale was made at a price of $ 1,465 for ETH, which is a significant decrease from the previous value of over USD 1,600.

In particular, the ETH World Liberty Finance sales movement raised his eyebrows throughout the cryptographic community. It seems that it means changing the strategy for the player who was previously known from a vast scale Accumulation ETH.

According to Looconchain, Portfolio address Related to World Liberty Finance, a total of 67,498 ETH accumulated at an average price of USD 3259. This means that a decentralized financial protocol spent a total of $ 210 million on the assembly of such a vast amount of ETH.

At the price of the sales, this is left by the entity sitting on a staggering unrealized loss of around $ 125 million. The last sale also adds more fuel to the growing uncertainty associated with the future Ethereum prospects, because the last disaster of cryptocurrency prices caused even more Bear forecasts further decline.

Although the reason for the unexpected Eth World Liberty Finance sales remains unclear, some believe that the discharge was probably caused by the constant decrease in Ethereum prices, while others suggest that it can signal the bottom of the market.

Ethereum price up to $ 1,400

Price ethereum decrease Up to 1,400 USD was a shock to the market, which makes him cryptocurrency for the first time fell so low in seven years. In particular, Ethereum was not the only leading cryptocurrency that was influenced by market confusion, like great players Bitcoin also suffered losses.

Currently, Ethereum seems to be slightly recovered at the previous low level and currently trades at USD 1,591 after a 7.44%jump. Although this recovery brings Hope for reflectionThe cryptocurrency value has still dropped by 16.63% over the past month. In addition, technical indicators from CoinCodex attraction This sentiment surrounding the cryptocurrency is still deeply bears, which suggests Further decreases It can be on the horizon.

A distinguished picture from Unsplash, tradingview.com chart