The Federal Reserve (Fed) announced a 0.25% rate cut on the 19th of this week and is expected to slow down the pace of rate cuts next year, leading to a severe bloodbath in the cryptocurrency market over the past two days. Bitcoin fell to a low of 92,268 USD yesterday (20th), with a daily decline of up to 6.78%; Ethereum fared worse, with a decline of up to 10.4%, hitting a low of 3,100 USD, almost completely reversing nearly a month's gains.
The Ethereum Foundation is truly a master of market timing.
It is worth mentioning that after further market declines yesterday, the on-chain data monitoring team Lookonchain pointed out on Twitter that since the Ethereum Foundation sold 100 ETH on December 17, the price of ETH has dropped by 17% to date, marking another successful exit for the Ethereum Foundation.
Additionally, over the past year, the Ethereum Foundation has sold a total of 4,466 ETH (approximately 12.6 million USD) through 32 transactions, with 15 of those (marked in red in the chart) sold at price peaks, earning them the community's humorous title of true masters of market timing.
Trump's cryptocurrency project WLFI has seen a floating loss of over 5 million USD on Ethereum holdings.
According to on-chain data analyst Ai Yi, the recent purchases of various cryptocurrencies by Trump's related cryptocurrency project WLFI have made ETH its largest holding token. However, with the market decline, the floating loss on the project's ETH holdings has reached 2.1 million USD.
Seeing that Trump's World Liberty team has a floating loss of 2.1 million USD on their ETH holdings might make holders feel a bit better.
Ethereum is currently the largest holding asset of the World Liberty address, with a total of 15,597 ETH, worth approximately 53.46 million USD, of which:
8,827 ETH were actively purchased at a cost of approximately 3,678 USD, currently facing a floating loss of 2.098 million USD.
The remaining 6,770 ETH were obtained from the WLFI public offering and are temporarily disregarded.
Four hours ago, the WLFI address added 722.213 ETH at an average price of 3,461 USD.
In response, a netizen updated last night (20th) around 19:00, stating that the floating loss of Ethereum holdings by Trump's WLFI team has exceeded 5 million USD, commenting, 'Even if the king of heaven buys ETH, it won't help; you still end up losing your pants.'