Trump-Linked Wallet Dumps Ethereum Holdings Ahead of 30% Potential ETH Price Crash

An Ethereum wallet linked to World Liberty Finance (WLFI), a decentralized platform backed by US President Donald Trump and his sons, is reportedly offsetting its Ether (ETH) holdings at a loss.

WLFI Realizes $125 in Ethereum Losses

On April 9, the address sold 5,471 ETH for $1,465 per token, securing about $8.01 million, according to data resource Arkham Intelligence. In doing so, it suffered $125 million in losses, having obtained the tokens at an average price of $3,259.

The sale reflects the deteriorating sentiment in the broader crypto market. Ether has dropped by roughly 30% in April, falling as low as $1,385 on April 9, and WLFI’s decision to offload holdings during this drawdown reinforces the current risk-off environment.

With geopolitical uncertainty rising — particularly due to Trump’s global tariff push and the threat of a U.S. recession — WLFI’s move may signal a lack of short-term confidence even among high-profile crypto-linked entities.

Is Trump Anticipating More Crypto Losses?

The size and timing of the sale add further downward pressure to an already declining market.

Selling 5,471 ETH for $8 million adds to spot supply and may influence trader psychology, especially if perceived as capitulation from a politically powerful crypto backer.

Large on-chain moves from well-known wallets often trigger additional volatility, as market participants adjust positions in anticipation of further selling or market weakness.

WLFI, in particular, has dumped a substantial portion of its Ether holdings in recent months. As of Feb. 3, for instance, it held 67,000 ETH, which has since declined to 7,900 ETH.

Shady Tactics?

Interestingly, major Ethereum de-risking occurred after Eric Trump, the son of President Trump, advised his 5.7 million followers on X to “add ETH” to their portfolios. Since Eric Trump’s shady endorsement, Ether’s price has lost half its value, sparking accusations of market manipulations.

WLFI has made several multimillion-dollar crypto purchases ahead of key industry events linked to President Trump. Notably, it bought $20 million in tokens just days before the March 7 White House Crypto Summit, sparking speculation about the timing.

Critics have also flagged Trump’s new stablecoin, USD1, as a potential conflict of interest.

Ethereum Price May Decline Toward $1,000

Ethereum is currently sitting at a critical support level, and according to analyst Ether Wizz, all eyes should be on the $1,400 zone.

The recent chart shared by Ether Wizz highlights this level as a historically significant demand area that has held firm during previous downturns. At the time of analysis, ETH is trading around $1,465 but has already wicked down to $1,385—dangerously close to breaking below the key threshold.

The technical setup shows a textbook double top formation near the $4,100 level, a bearish reversal pattern often preceding deeper corrections.

This rejection from the highs has led ETH to steadily decline, with the $1,400 zone emerging as the last line of defense. A break below this zone would invalidate the support structure and likely trigger accelerated downside momentum.

Ether Wizz warns that if Ethereum closes below $1,400 with conviction, the next major target lies near $1,000 — a round-number psychological level that coincides with previous bear market support.