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WLFI-Linked Wallet Offloads Ethereum as Losses Mount Amid Falling ETH Price

  • World Liberty Financial (WLFI) has offloaded Ethereum as losses mount amid falling ETH price.
  • A wallet linked to WLFI sold 5,471 ETH for approximately $8 million, resulting in a major loss.
  • The decision to sell could suggest a shift in strategy to mitigate further damage from falling ETH prices.
  • WLFI plans to launch USD1, a stablecoin backed by short-term US government treasuries and other cash equivalents.

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