The Ethereum price experienced a significant crash, dropping to $1,400, causing volatility in the crypto market.
World Liberty Finance, a decentralized finance protocol linked to Donald Trump, sold off a large amount of Ethereum prior to the price drop.
The sell-off, worth around $8.01 million, contributed to Ethereum's decline and raised concerns about the future outlook of the cryptocurrency.
Ethereum's price recovery is evident, but it is still down by 16.63% in the last month, and market sentiment remains bearish, implying the possibility of further declines.