<ul><li>The price drop of Ethereum has led to concerns and institutional investors abandoning the asset class.</li><li>World Liberty Financial, a Trump-backed DeFi project, sold 5,471 ETH at a loss, resulting in an unrealized loss of approximately $125 million.</li><li>In addition, a prominent Ethereum whale sold their entire position of 10,000 ETH, locking in a profit of $2.75 million.</li><li>The liquidation of Ethereum by both institutions and long-term holders raises concerns of a potential retail sell-off, leading to increased volatility in the market.</li></ul>

Trump-Backed DeFi Project Sells Ethereum at Loss Amid ETH Price Drop

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