Ethereum’s treasury troubles ignite a presale boom with BullZilla emerging to rival the DeFi powerhouse

Ethereum (ETH) is currently under increased pressure from treasury organizations as the market-to-net-asset-value (mNAV) ratios for key holders have fallen below 1, hinting at financial challenges. Out of six entities holding more than 50,000 ETH, four reported mNAVs under parity—including The Ether Machine (0.07) and Etherzilla Corporation (0.80), as reported by The DeFi Investor. This mismatch could prompt these companies to liquidate assets, potentially pushing ETH prices lower. Experts caution that these financial strains among institutions introduce short-term risks to Ethereum’s outlook, despite its central role in DeFi, NFTs, and smart contract sectors.

World Liberty Financial ($WLFI), a token with political connections and the Trump family’s backing, has steadied near $0.20 following an unstable post-launch period. A buyback-and-burn program, approved by 99.48% of voters, uses liquidity fees to reduce the token’s supply. This deflationary plan is similar to Ethereum’s scarcity approach, but $WLFI’s future remains uncertain amid ongoing concerns about market manipulation and the founders’ reputation. Technical indicators point to a possible breakout to $0.23–$0.25 that could revive bullish sentiment, but its 35% drop since launch highlights its speculative character.