- Trump-backed WLFI sold Ethereum at a loss, raising doubts about institutional confidence in ETH.
- Despite Eric Trump’s endorsement, Ethereum’s 46% drop signals a potential retreat from high-profile crypto backers.
In a striking pivot, Donald Trump-affiliated World Liberty Financial (WLFI) has offloaded a large portion of its Ethereum [ETH] holdings — at a notable loss.
This dramatic shift follows Eric Trump’s earlier claim that it was a “great time” to buy ETH. His statement briefly sparked institutional interest.
However, Ethereum’s sharp decline since February has brought WLFI’s move into focus, raising questions about market timing, political influence, and waning confidence among prominent crypto supporters.
Ethereum’s slide since Eric Trump’s nod
Source: X
On the 4th of February, Eric Trump endorsed Ethereum via a then-viral post, coinciding with ETH trading close to $3,000. Since then, the price has plunged about 46%, falling to approximately $1,425 at press time.
Source: TradingView
As the chart shows, ETH has struggled to recover from a consistent downtrend, invalidating the brief optimism spurred by Trump’s endorsement.
The timing of WLFI’s exit only fuels speculation that institutional support may be thinning faster than expected.
WLFI’s move contradicts Trump’s crypto rhetoric
Despite Eric Trump’s shining endorsement, the Trump-backed WLFI has since sold tens of millions worth of Ethereum at a steep loss.
Data from Arkham Intelligence shows WLFI offloaded 5,471 ETH at $1,465 just minutes before press time — far below its average buy price of $3,259.
Source: Arkham
The move highlights a growing disconnect between public crypto boosterism and behind-the-scenes positioning.
For investors who took Trump’s tweet at face value, WLFI’s silent exit feels less like conviction and more like capitulation.
Trump-linked wallets quietly back away
WLFI’s sell-off reflects a broader trend of withdrawals from Trump-linked crypto assets.
Just two days ago, $30 million in MELANIA tokens, tied to community funds, was mysteriously moved and is now being sold without explanation. This situation poses more than just a pricing issue for Ethereum—it’s a reputational challenge.
As prominent figures like the Trump family reduce their crypto holdings, it raises critical questions. Is institutional interest in ETH fading, or was confidence in it never fully established?
