• Eric Trump believes it’s the right time to bid ETH at current levels. 
• However, his family-run firm, WLFI, ‘sold’ over $300M of digital assets, dominated by ETH. 

Eric Trump and their family-run World Liberty Financial (WLFI) have elicited crypto community backlash. 

The criticism followed WLFI’s recent sale of Ethereum [ETH], wrapped Bitcoin [WBTC], and other DeFi tokens worth over $300M, according to aggregated data by analytics firm LookOnChain. 

“ Today, World Liberty also transferred 86,296 $ETH($235M), 647 $WBTC($65.5M), 256,315 $LINK($5.4M), 19,399 $AAVE($5.26M), 5.78M $ENA($3.88M), 2.4M $MOVE($1.57M) and 134,216 $ONDO($190K) to #CoinbasePrime,” noted LookOnChain. 

From the data shared, the collective sell-off on Coinbase was worth $316.8 million. Despite acquiring another $5M ETH $5M on the same day, the move appeared to have startled the crypto community. 

WLFI defends ETH sale

In fact, Eric Trump’s recent bullish call to buy ETH was met with scathing criticism. Trump believed it was the ideal time to buy ETH, yet its affiliate sold over $200M worth of it.