Lookonchain: Trump’s DeFi protocol team may have sold some ETH from the stock at a significant loss

Another large long-term holder of the asset sold all of its holdings at a relatively small profit due to the market downturn

09.04.2025 - 11:00

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4 min

What’s new? Amid a downturn in the broader crypto market caused by the Donald Trump administration’s tariff wars, the Ethereum network’s native token has lost 21,2% of its value over the past week to end up at $1480. This has also caused negative consequences for some holders of the asset.

Source: X.com

What else is known? For instance, an unidentified large investor who held his 10 000 ETH for the past 900 days still sold the coins at an average spot price of $1578 on April 8, making a profit of $2,75 million.

However, Lookonchain analysts noted that if the investor had sold the holdings when ETH hit a local high of $4015 on December 9 last year, his profit could have been $27,6 million.

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ETH reached an absolute value record on November 10, 2021, at $4878. This happened about a year before an unknown investor started buying the asset.

Lookonchain specified that he bought his 10 000 coins for $13 million in two transactions in October and November 2022, when the average value of ETH was $1295.

Also on April 9, Lookonchain analysts pointed out that the team behind DeFi protocol World Liberty Financial, backed by Trump and his sons, may have sold some of its ETH holdings at a significant loss.

Source: X.com

According to Lookonchain, the World Liberty-linked wallet sold 5471 coins worth $8,1 million at an average price of $1456 per coin. Before the sale, Trump’s project portfolio included 67 498 ETH bought at an average price of $3259.

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The long-term ETH holder was not the only one who had to resort to activism amid the widespread sell-off. On April 7, for example, another unknown major player was forced to deploy 10 000 ETH ($14,5 million) to save his 220 000 ETH ($300 million) position from liquidation threatened by the market downturn.

Source: X.com

Another whale was less fortunate: on April 6, it lost 67 570 ETH or $106 million when its position on decentralized lending platform Sky (formerly Maker) was liquidated.

Source: X.com