Ethereum News: Donald Trump-Linked World Liberty Sells 4,870 ETH for $10.61M

A wallet linked to the Trump-affiliated World Liberty Financial project sold 4,870 $ETH for about $10.61 million in $USDC, according to market data shared by crypto trackers. The sale was executed at an average price of roughly $2,178 per $ETH.

Ethereum traded near $2,185 after the transaction, moving slightly lower during the session as the asset continued to face pressure from exchange-traded fund outflows and broader market caution. $ETH has been trading near the lower part of a recent channel, with analysts watching whether buyers defend the $2,150 support zone.

The World Liberty sale comes as the project remains under public and legal scrutiny. The Trump-linked crypto venture has faced questions over its governance token, treasury activity, investor restrictions, and reported disputes with early backers.

World Liberty Sells $ETH as Market Watches Treasury Activity

The 4,870 $ETH sale adds to recent treasury management activity tied to World Liberty Financial. The project has previously drawn market attention because of its political links, token structure, and reported asset movements.

The latest sale converted $ETH into $USDC, a dollar-pegged stablecoin widely used in crypto trading and treasury management. Such transactions are often watched by traders because large wallet sales can affect market sentiment, especially when they involve politically connected or widely followed projects.

World Liberty’s $WLFI governance token has also faced heavy volatility. The token was recently trading near $0.08, far below its earlier high. However, as of now, early investors are allowed to unlock 20% of their holdings, creating new supply dynamics in the market.

The project has also faced scrutiny over a reported $75 million loan using $WLFI tokens as collateral. Lawmakers and legal observers have questioned whether the structure raises investor protection and liquidity concerns.

Ethereum ETFs Record Heavy Weekly Outflows

Ethereum’s market backdrop remains weak after another week of U.S. spot crypto ETF outflows. Spot Ethereum ETFs recorded about $255.11 million in net outflows for the week of May 11 to May 15, according to data cited by market reports.

BlackRock’s Ethereum ETF reportedly sold about 77,567 $ETH during the week, while Fidelity sold about 25,770 $ETH. Grayscale sold about 7,409 $ETH, and ARK 21Shares sold 637 $ETH. VanEck was among the few issuers listed as buying $ETH during the same period.

The broader U.S. spot crypto ETF market recorded roughly $1.13 billion in total net outflows last week, including about $1 billion from Bitcoin ETFs. The outflows show that institutional fund flows remained negative across both major crypto assets.

Ethereum’s price has held near $2,150 to $2,185 despite the fund withdrawals. Analyst Ali Martinez noted that $ETH had returned to the lower end of its channel and said a rebound could occur if the $2,150 support area holds.

If buyers defend that zone, traders are watching possible moves toward $2,280 and $2,390. A break below the lower support area could weaken the setup and increase attention on deeper demand levels.

Legal Pressure Builds Around $WLFI

World Liberty Financial is also facing legal and regulatory pressure. Senator Elizabeth Warren has reportedly requested that the Securities and Exchange Commission investigate the project for possible securities law issues and investor disclosures.

Legal analysts have argued that $WLFI may face questions under the Howey test, which is used to assess whether an asset is an investment contract. The project has not been found liable in court on those claims.

The project is also involved in a dispute with Tron founder Justin Sun, who reportedly invested $45 million in World Liberty. Sun has alleged that his tokens were unfairly frozen and that the project used account controls to restrict his ability to sell or move assets.

World Liberty executives, including Zach Witkoff and Eric Trump, have rejected Sun’s claims and described them as meritless, according to reports. The dispute remains part of a wider legal fight around investor rights, token controls and project governance.