Donald Trump’s WLFI Sells $5M Bitcoin, Vitalik Buterin Sells $7M Ethereum — Why Are Bulls Not Buying?

Core Insights - World Liberty Financial (WLFI), a crypto project associated with Donald Trump's family, sold approximately $5 million worth of Bitcoin (BTC) [1] - Ethereum co-founder Vitalik Buterin sold about $7 million in Ethereum, which led to backlash from traders [1] - These sales occurred amid a broader decline in the crypto market, with Bitcoin dropping over 8% and falling below $60,000 [2] Group 1: Sales Details - WLFI sold 73 WBTC, generating proceeds of $5.04 million [2] - Buterin's sale of Ethereum was highlighted by crypto commentator Ted Pillows, who noted the timing of the sale as significant [2][4] - The sales, while relatively small in the context of the total crypto market, contributed to a narrative that insiders may be de-risking [3] Group 2: Market Reactions - The sales have led to speculation among traders regarding the motivations behind these moves, with some viewing it as a bearish signal [6] - Analysts have pointed out that wallet activity does not necessarily indicate a bearish outlook, suggesting that WLFI's sale could be related to treasury management or liquidity needs [4] - The lack of public explanation from WLFI and Buterin has left the market to speculate on their intentions [5]