According to data shared on X by Lookonchain, on Apr. 9, a wallet linked to WLFI reportedly sold 5,471 Ethereum for around $8 million, at a price of $1,465 per coin.
The sale represents a major loss. WLFI had previously spent around $210 million to acquire 67,498 ETH at an average price of $3,259. At current prices, the firm is sitting on an unrealized loss of roughly $125 million.
Despite the losses, the company has been actively expanding its product lineup. On Mar. 25, WLFI confirmed the launch of USD1, a stablecoin backed 1:1 by cash, short-term U.S. Treasuries, and equivalents. The token is currently live on Ethereum and BNB Chain, with more networks to come.