Ethereum’s Epic Fail: Whales Bail, WLF Cries, and the Market Tanks 🐳💸

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So, World Liberty Financial just pulled a classic “sell low, cry later” move, dumping a boatload of Ethereum at a whopping 55% loss. 🎉 The wallet linked to this Trump-affiliated group is now sitting on an unrealized loss of around $125 million. Because, you know, why not lose a small fortune in style? 💁‍♂️

According to Arkham Intelligence, the wallet moved over 5,471 ETH for approximately $8 million. That’s right, they sold it at an average price of $1,465, which is basically like selling a Lamborghini for the price of a used scooter. 🛵💔

Previously, WLFI had bought 67,498 ETH for about $210 million, at an average price around $3,259 per ETH. But with Ethereum’s current prices in the gutter, the company is now staring at an unrealized loss of about $125 million. Ouch. 🤕

This means WLFI lost nearly 55% on the sale, selling it for just $8.01 million, which is less than $7.9 million than what they originally paid for it. Some say it’s a strategic move to rebalance the portfolio, but let’s be real, it’s probably just panic selling. 🏃‍♂️💨

Are Long-Term Whales Jumping Ship?

Meanwhile, the long-term Ether whales seem to be losing interest too. One prominent ETH whale just sold 10,000 ETH after holding it for over 900 days, making a profit of $2.75 million. 🐋💰

What’s even more interesting is that this whale held onto Ethereum when it was at $4,000 levels, with a profit over $27 million, but decided to cash out at lesser profits. Because, you know, why not leave money on the table? 🤷‍♀️

Two other whales also made some major moves. One had to pump in over $14.5 million to protect a massive 220,000 ETH position from liquidation, while another lost 67,570 ETH (worth $106 million) after their DeFi position on lending platform Sky got liquidated. 🐳💥

With major whale moves and entities like WLF offloading their holdings, investors are carefully gauging the market conditions. Could this trigger a broader retail sell-off? Only time will tell. ⏳

Analyst Spots Key Support Level

In a recent X post, crypto analyst Ali Martinez pointed towards $1,200 as a key support level for Ethereum. As the market slides, he believes that this price could help ETH stabilize and prevent a deeper drop. 📉🛑

$1,200 could be where #Ethereum $ETH finds its footing!

— Ali (@ali_charts) April 8, 2025

Meanwhile, Ethereum continues to face losses, currently trading at $1,472, down over 6% in the past day. Despite expectations of a massive crypto rally post-Trump coming into office, Ethereum has witnessed a drop of over 56% since the start of the year. 🎢📉

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2025-04-09 10:53