World Liberty Financial, a decentralized finance (DeFi) project associated with the Trump family, has started liquidating its ether holdings at a price of $1,465 per token, despite acquiring the cryptocurrency for $3,259 earlier this year.

Recent blockchain data from Arkham indicates that a wallet associated with World Liberty Financial sold 5,471 ETH for about $8 million on Wednesday, after incurring losses exceeding $125 million.

• A wallet tied to World Liberty Financial executed a sale of $8 million in ether after accumulating a $125 million loss.
• The primary wallet of World Liberty still contains about $98 million in cryptocurrency, including $11 million in ether.
• This decision follows a remark made two months ago by Eric Trump, the son of the former president, who indicated it was a favorable moment to purchase ETH when its market value was $2,880.

Moreover, Donald Trump recently expressed on Truth Social that it is a great time to invest while global markets face increased risks of a trade conflict.

The Nasdaq has decreased by 20%, S&P 500 by 17%, and Bitcoin has fallen by 24% since Trump took office on January 20. In contrast, the TRUMP and MELANIA meme coins have suffered more significant declines, losing 83% and 95%, respectively, since the inauguration date.

World Liberty Financial has not provided a response to CoinDesk’s request for comment.