World Liberty Financial (WLFI), the crypto project associated with former U.S. President Donald Trump, has officially denied rumors of selling $8 million worth of Ethereum (ETH).
The speculation began after Arkham Intelligence, a blockchain analytics firm, flagged a wallet allegedly tied to WLFI that made a major ETH transfer during this week’s price dip to $1,465.
However, WLFI swiftly dismissed the claim.
“The claims that World Liberty Financial has sold any of its holdings are wholly inaccurate. WLFI has not sold any positions as currently reported,” said a spokesperson in a statement to CoinDesk.
WLFI’s Ethereum Strategy Remains Unchanged
Since early 2025, WLFI has been actively accumulating Ethereum, making it the largest asset in their crypto portfolio. Despite mounting criticism and ETH’s recent price struggles, the Trump-linked DeFi project shows no signs of backing down.
Ethereum Faces Intense Market Pressure
Ethereum’s price has dropped over 55% in 2025, reaching a low of $1,400 this week. With this fall, long-term returns since 2018 have effectively been wiped out, dampening investor sentiment.
Whale Activity Surges Amid ETH Slump
Despite market pessimism, Ethereum whales are getting active again—both selling and buying. While some older wallets offload their holdings, new wallets have emerged, buying the dip and signaling long-term confidence.
In the past 24 hours, a newly created address snapped up 9,610 ETH (around $14.54 million). According to Spot On Chain, the wallet started with a withdrawal of 5,000 ETH from Kraken, used it as collateral on Spark, and borrowed $7 million in USDS. These funds were then used to buy another 4,610 ETH at ~$1,518 each, showing a strong bullish stance.
Signs Point to Potential ETH Recovery
Many analysts now argue that Ethereum is severely undervalued. Crypto analyst Ali Martinez points to entity-adjusted dormancy flow, a key on-chain metric, falling below 1 million—a level historically tied to macro bottom zones.
This suggests long-term holders are sitting tight, reducing sell pressure and hinting that a rebound could be around the corner.
