A wallet associated with the Donald Trump-affiliated World Liberty Financial project sold 4,870 ETH for approximately $10.61 million in USDC, according to on-chain data shared by market trackers. The transaction was executed at an average price of around $2,178 per ETH, contributing to a slight intraday dip for Ethereum, which traded near $2,185 after the sale.
The sale adds to a string of recent treasury moves by World Liberty, a project under both public and legal scrutiny over its governance token (WLFI), investor restrictions, and reported disputes with early backers. The WLFI token has been trading near $0.08, far below its peak, and a 20% unlock for early investors is creating new supply pressures.
Meanwhile, U.S. spot Ethereum ETFs recorded $255.11 million in net outflows for the week of May 11–15. BlackRock’s fund alone shed approximately 77,567 ETH, Fidelity sold 25,770 ETH, and Grayscale offloaded 7,409 ETH. In total, crypto ETFs across Bitcoin and Ethereum saw $1.13 billion in outflows last week, with Bitcoin funds accounting for about $1 billion.
Analyst Ali Martinez noted that ETH is testing the lower bound of its channel near $2,150. Holding that support could trigger a bounce toward $2,280–$2,390, while a breakdown may accelerate losses.
Legal pressures are also mounting. Senator Elizabeth Warren has reportedly asked the SEC to investigate World Liberty for possible securities law violations and inadequate investor disclosures. A separate dispute involves Tron founder Justin Sun, who claims his $45 million investment tokens were unfairly frozen—a charge World Liberty executives deny.
