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World Liberty Sells 4,870 ETH for $10.61M as Ethereum ETFs Record $255M Weekly Outflows

GateNews

Capital Flow Price Volatility On-Chain Data Stocks

2026-05-17 14:12:12

ETH0.59%

USDC0.01%

According to market data, a wallet linked to the Trump-affiliated World Liberty Financial sold 4,870 ETH for approximately $10.61 million in USDC on May 16, at an average price of $2,178 per token.

The sale occurred as Ethereum faced sustained pressure from institutional fund outflows. U.S. spot Ethereum ETFs recorded $255.11 million in net outflows for the week of May 11 to May 15, with BlackRock selling 77,567 ETH and Fidelity selling 25,770 ETH. ETH traded near $2,185 following the transaction, with analysts watching whether buyers defend the $2,150 support level.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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