Lookonchain Flags Large ETH Sale From Wallet Associated with WLFI Project
A crypto wallet reportedly tied to World Liberty Financial (WLFI)—a project sometimes associated with the Trump family—has sold off a large amount of Ethereum (ETH), sending ripples through the crypto community.
Blockchain analytics firm Lookonchain reported that 5,471 ETH, worth about $8.01 million at the time, was sold in a single transaction. The sale price was $1,465 per ETH, drawing attention not only for its size but because it likely represents steep losses for the seller.
Related: Trump-Linked World Liberty Financial Announces USD1 Airdrop Test
If this wallet connection is accurate, the sale marks a major realized loss for WLFI holdings. The project is believed by some market watchers to have originally purchased a larger sum of 67,498 ETH at an average price near $3,259 per token, totaling an initial investment around $210 million. Comparing the sale price to that average purchase price indicates a loss of over 55% on the ETH sold.
Based on current market prices around $1,400-$1,500 per ETH, the remaining reported WLFI holding still faces a substantial paper loss exceeding $100 million. WLFI previously gained attention partly due to its reported links with the Trump family.
Related: Pro-XRP Lawyer Deaton Predicts XRP Will Flip Ethereum by End of Year
Eric Trump was named in some reports as a “Web3 ambassador” for a related project. His earlier public bullishness on Ethereum now contrasts sharply with the asset being down more than 40% since some of those comments were made, according to TradingView data.
As per the data from CoinMarketCap , Ethereum trades at $1,488.08, down more than 5% in the past 24 hours. The token faces significant resistance levels overhead, including the 21-day Exponential Moving Average (EMA) at $1,796 and the 50-day EMA at $2,068.
According to prominent analyst Ali Martinez , ETH could continue to crash until it reaches the $1,200 price tag, where the second-largest digital asset could find its “footing.”
The daily chart confirms a very low Relative Strength Index (RSI) reading near 25.61, signaling that ETH is currently deeply oversold. While oversold conditions can sometimes precede bounces, the RSI’s downward direction suggests a potential retest of the $1,200 support level remains possible.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
XRP Network Grows Stronger: Holder Addresses Now At Record 6.26 Million
XRP holders appear to be adopting a long-term outlook, judging by the cryptocurrency’s increasing demand despite dwindling fortunes triggered by the ongoing crypto market volatility.
Network adoption metrics show strength, with data highlighted by analyst Ali Martinez citing Glassnode showing the number of XRP addresses reaching a new all-time high of 6.26 million.
Related: Pro-XRP Lawyer Deaton Predicts XRP Will Flip Ethereum by End of Year
According to the on-chain data, the number of XRP holders grew steadily on a daily basis in the past week even as XRP’s price declined.
Addresses holding at least 1 XRP were below 6.23 million as of March 29, 2025. One week later, that number rose to above 6.25 million. During that same period, XRP’s price dropped towards $1.90 after trading above $2.10 at the start of the week.
This pattern suggests that more users may be acquiring XRP during price dips, possibly viewing current levels as a chance to buy at a cheaper rate in hopes of future price increases.
This interpretation points to the growing bullish sentiment surrounding the token, following signals that Ripple’s challenges with US regulators may be nearing its end.
Ripple has gone on to publicly state that they have reached an agreement with the SEC to end the litigation process with the company agreeing to pay $50 million in penalties. Many XRP supporters consider this as a positive development that frees the cryptocurrency from legal uncertainty that has stymied its growth relative to other top cryptos.
Related: Banking Giant StanChart Outlines XRP’s Path to $12.50
Additionally, speculation on the US Treasury including XRP in their strategic crypto stockpile has also boosted the altcoin’s appeal within the crypto community. Therefore, despite the ongoing volatility, the token’s supporters believe in its long-term future and growth potential.
XRP traded for $1.82 at the time of writing after recovering from a $1.61 yearly low earlier this week. The bearish pressure remains intact on the cryptocurrency, even though most users expect a trend reversal soon.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Bitcoin Slips, Ether Climbs: Crypto ETFs Shift Gears
There are weeks when everything seems to smile on the market. And then there are those when the numbers fall like dead leaves, silently but gravely. Bitcoin ETFs, these open windows to the crypto universe for traditional investors, have experienced one of those weeks where enthusiasm has strayed. Three days were enough to sweep away momentum, pull back capital, and instill doubt. And as often happens, everything begins with a beautiful promise…
The recent stabilization of flows in Bitcoin ETFs, long awaited as a sign of market maturity, may ultimately disappoint. The hoped-for calm has turned into a sharp decline, shattering the illusions of bullish continuity. Where analysts saw a decisive turning point, the numbers tell a more unstable, even disorienting reality.
Wednesday was the kind of day where the numbers felt like spring. 221 million dollars flowed into Bitcoin ETFs. You could almost hear portfolio managers sighing with ease. BlackRock’s IBIT led the way, boasting +65.25 million, like a signal that the great return of institutional flows had begun. A few anecdotal withdrawals cast a shadow on the ledger, but nothing sufficient to steal the spotlight from this breath of fresh air. One started to dream.
The dream lasted only twenty-four hours. On Thursday, the numbers changed their attire. And not to a suit of light: nearly 100 million $ evaporated from the Bitcoin ETFs. Grayscale (GBTC) lost 60.2 million, Bitwise (BITB) 44.19 million, Fidelity (FBTC) 23.27 million, ARKB 20.05 million… Even the most discreet, like VanEck (HODL) and Wisdomtree (BTCW), had to bow. Volumes remained high (2.58 billion $), but net assets melted down to 92.18 billion $. The winter had not said its final word.
Friday was more discreet, but no less worrying. One of those days when you open the curtains and nothing happens. Zero influx. No new dollar in the 12 funds scrutinized. And yet, 65 million have left . Again GBTC, ARKB, and BITB in the crosshairs, like pillars that are slowly being eroded. And while interest faded, volumes jumped to 4.43 billion $, as if everything was happening behind the scenes. Silence on the surface, agitation in the aisles.
What we retain is not just the flight of capitals. It’s the rhythm, the repetition, the choreography. Wednesday the inflow, Thursday the outflow, Friday the absence. All against a backdrop of increasing volumes, as if the big operators were not fleeing… but simply changing rooms.
Behind these 165 million dollars vanished in three days, some see a voluntary pause, a form of strategic observation. A way for institutions to hold their breath before the major macro turns to come.
And while Bitcoin ETFs lost altitude, those linked to ether timidly recolored their curve. The fund EZET from Franklin Templeton recorded an inflow of 2.06 million dollars, breaking a series of daily withdrawals. Its trading volume jumped to 371.79 million $, and net assets slightly recovered to 6.16 billion $. An ounce of regained confidence in the Ethereum ecosystem, like a sign that not everything is turning red.
The tweet from @ali_charts punctuates this sequence with 700 BTC sold via ETF in a week. That’s a lot. And it’s not much. Because in terms of markets, everything is a matter of context… and tempo.
Bitcoin ETFs have not sunk, but they have wobbled. And this fragility, right in the heart of a cycle where they are supposed to open the doors of the crypto market to the general public , is thought-provoking. These products have become the bridge between the plush world of Wall Street and the wild lands of blockchain. They are supposed to reassure, streamline, and democratize. So when capital flows out, one wonders: is the bridge wobbling… or is it simply retreating to bounce back better?
Positive News Barrage Hits Solana: Analyzing ETF and PayPal Moves
Solana (SOL) regained focus Saturday, rising nearly 6% over 24 hours to trade near $120 as positive news developments converged on a critical technical support zone.
Futures market sentiment also turned decidedly bullish, with analyst Ali Martinez reporting 71.4% of Binance traders holding long Solana positions.
Fueling bullish sentiment, Grayscale Investments filed a registration statement with the SEC on Friday seeking to convert its Grayscale Solana Trust (GSOL) into a spot Solana ETF listed on NYSE Arca. This move mirrors Grayscale’s successful conversions for Bitcoin and Ethereum products.
Market observers consider Solana a strong candidate for eventual spot ETF approval, citing its established U.S. futures market and a perceived shift toward clearer crypto regulation. An approved ETF would offer traditional investors direct SOL exposure, opening up capital inflows.
Separately, payments giant PayPal updated its services to include full support for Solana (and Chainlink) within its PayPal and Venmo apps in the US. Users can now buy, sell and hold SOL directly, enhancing the token’s accessibility and utility on the platform.
Related: Will Solana Get Faster? Devs Propose Higher Block Transaction Limits
From a technical perspective, analyst Crypto Patel noted SOL is holding firm within a key Fibonacci support zone between $100–$115 . This area acted as a launchpad for significant rallies in the previous bull cycle.
Patel suggested that if this zone holds, accumulation could lead to a breakout confirmation above $186. Such a move could set the stage for retesting the previous all-time high near $296, with a potential longer-term Fibonacci-driven target near $1,011.
However, current indicators warrant some caution. The Relative Strength Index (RSI) hovers near 40.74, indicating weak momentum, with its gradient suggesting potential for near-term selling pressure despite the daily price gain. SOL also remains below its 20-day EMA resistance around $128.23.
Related: Top Trader Issues Solana Warning: Break Below $117 Could Trigger ‘Slow Bleed’
A clear break above the EMA is needed to strengthen the short-term bullish case suggested by the recent news flow and support hold.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.