World Liberty Financial (WLFI), a crypto platform backed by Donald Trump, has sold $8 million worth of Ethereum as market losses mount. On April 9, a wallet tied to WLFI offloaded 5,471 ETH at $1,465 each, well below its initial investment value.

WLFI had previously bought 67,498 ETH for about $210 million, averaging $3,259 per coin. With Ethereum now below $1,500, the firm is facing an unrealized loss nearing $125 million.

Despite the downturn, WLFI is pushing forward with its stablecoin USD1, launched March 25. Backed 1:1 by cash, short-term U.S. Treasuries, and equivalents, the token is now live on Ethereum and BNB Chain. Targeted at institutional users, USD1 emphasizes transparency, third-party audits, and BitGo-managed custody.

Founded in 2024, WLFI promotes itself as a decentralized finance platform offering blockchain-based financial tools. It raised $550 million through its token sale, including $75 million from Tron founder Justin Sun, who later became an advisor.

WLFI’s political affiliations have raised eyebrows. In January, the Trump family acquired a 60% controlling stake via WLF Holdco LLC, securing majority control over operational profits and 75% of token sales revenue once the platform fully launches.