Trump-backed World Liberty Financial has sold approximately $8 million worth of Ethereum (ETH), as the crypto asset continues to experience significant declines, recently dipping below $1,500.
Transaction records indicate that on April 9, a wallet associated with World Liberty Financial offloaded 5,471 Ethereum tokens at a price of $1,465 per ETH. This sale represents a substantial loss for the platform, which previously allocated roughly $210 million to acquire a total of 67,498 ETH at an average cost of $3,259 each. Given the current ETH price levels, this puts the company’s unrealized losses at nearly $125 million.
Despite these mounting financial setbacks, World Liberty Financial has continued its strategy of product expansion. On March 25, the firm launched a stablecoin known as USD1, which claims to be backed on a one-to-one basis by cash, short-term U.S. Treasury bills, and similar assets. USD1 is operational on both Ethereum and BNB Chain, with plans to expand its reach onto additional blockchain networks.
Positioning USD1 as a stable, transparent financial instrument for institutions seeking compliant digital assets, World Liberty Financial assures users that reserves are independently audited and securely custodied by digital asset service provider BitGo. According to the firm, USD1 is specifically designed as a trustworthy alternative to algorithmic or undercollateralized stablecoins.
World Liberty Financial, established in 2024, brands itself as a blockchain-based decentralized finance operation. Its initial token sale drew significant attention, raising approximately $550 million, including $75 million contributed by Tron founder Justin Sun, who subsequently joined the project as an advisor. However, the company has increasingly drawn scrutiny, amid concerns over governance and potential political pressures stemming from its association with former President Donald Trump.
Earlier this year, in January, the Trump family secured majority ownership of World Liberty Financial through a holding entity called WLF Holdco LLC, which purchased a 60% share. Under this arrangement, the Trump family has rights to 60% of the firm’s operating profits, in addition to 75% of token sale revenue, once the platform reaches full operational status.
