TL;DR:
- The wallet identified as 0x77a5 sold 8,500 Ethereum for an approximate value of $19.3 million in USDC.
- Following the operation, the entity liquidated all its outstanding loans and withdrew its remaining assets from the Aave protocol.
- The cryptocurrency’s price recorded a daily drop of 2.5%, settling near $2,254 at the end of the day.
The price of Ethereum faces renewed selling pressure after a massive transaction was confirmed by World Liberty Financial (WLFI), the decentralized finance protocol linked to the family of U.S. President Donald Trump. During the day on Thursday, April 30, a wallet associated with the project disposed of 8,500 ETH, causing an immediate bearish reaction in the digital sector.
Monitoring data revealed by Lookonchain indicates that the 0x77a5 wallet executed the sale at an average price of $2,268 per unit. This action occurs within a context of high volatility for the WLFI token, which recently experienced fluctuations following the approval of a governance lock-up plan.
A wallet (0x77a5) linked to Trump's World Liberty(@worldlibertyfi) sold 8,500 $ETH for 19.27M $USDC at $2,268 8 hours ago.
— Lookonchain (@lookonchain) April 30, 2026
The wallet then repaid all loans and withdrew all funds from Aave.https://t.co/0qWkRUhTQb pic.twitter.com/87XiGbryxe
Deleveraging Strategy at World Liberty Financial
On-chain data indicates that, immediately after converting the funds to the USDC stablecoin, the address proceeded to pay off its debts on the Aave lending platform. This move suggests that the WLFI team may be looking to reduce its risk exposure and eliminate leverage amidst an uncertain macroeconomic landscape.
As a result of this liquidation, Ethereum’s value fell by 3.5% on a weekly cumulative basis. Although the asset maintains a positive return of nearly 9% over the last 30 days, the increase in trading volume over the last 24 hours reflects a predominance of selling positions, according to technical analysis from exchange platforms.
Technical Projections and Support Levels for Ethereum
For market analysts, Ethereum’s weakness against Bitcoin presents a central concern. Data shared by the firm AltCryptoGems suggests that the ETH/BTC pair continues under sustained pressure, having recently failed to break above a critical descending trendline acting as resistance since the first quarter of 2026.
According to analyst Ted, the $2,300 level turned into a psychological resistance zone after being breached to the downside during the WLFI mass sell-off. Current projections from various specialists indicate that, if this support is not reclaimed in the short term, the asset could test lower levels near $2,100.
The technical report from Phemex adds that, as long as the price remains below the 10-day moving average, which sits significantly above current levels, the bearish momentum could strengthen. However, an RSI divergence is observed that could signal temporary oversold conditions.
For the first week of May 2026, investors will be watching the resolution of the lawsuit filed by Tron founder Justin Sun against World Liberty Financial, an event that could add further instability to assets related to this protocol’s ecosystem.
