World Liberty Financial has transferred more than $25 million to Donald Trump’s DeFi Protocol. EthereumWrapped Bitcoin and other Ethereum-based assets from its multi-sig wallet on Monday—though the venture claims that it's not selling the assets amid volatile market movements.
“We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements,” The protocol that was posted on X, formerly Twitter. “To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes.”
On February 2, the protocol’s Treasury held assets worth more than $400,000,000. Arkham Intelligence portfolio archive Tool now has assets totaling less than 90 million dollars.
To be clear, we are not selling tokens–we are simply reallocating assets for ordinary business purposes…. To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes.…
— WLFI (@worldlibertyfi) February 3, 2025
The largest outflows came from Ethereum and Wrapped Bitcoin—or WBTC, a 1:1 backed Bitcoin alternative that trades on Ethereum—of which nearly $168 million and $64 million were transferred respectively on Monday afternoon.
While most assets were transferred to unlabeled addresses, the bulk of the Ethereum outflows was transferred to a wallet labeled by Arkham as Coinbase Prime—the American cryptocurrency exchange’s full-service brokerage for institutional grade investors, which led to speculation that the platform may be selling.
The platform shared the message for the second time to reassure its users that they are not selling tokens. Recent Most Recently Having done so, on the 14th of January.
The project, which had made its announcement a week earlier, excited the community by purchasing more than 100 million dollars worth of cryptoassets, including $47,000,000 in Ethereum, and Wrapped Bitcoin, respectively. Celebrating Trump’s inaugural As the 47th president of the United States.
World Liberty Financial has also transferred smaller amounts of Aave, Ethena, Movement (MOVE), Chainlink and Ondo.
More than a million tokens are still available on the platform which continues to conduct an extended sale. One billion WLFI tokens The coins are available at $0.05 per unit. World Liberty Financial was reportedly inspired by Donald Trump who is listed as Chief Crypto Advocate, along with his sons Donald Jr. Eric and Barron who are also listed. "Web3 Ambassadors" The project.
Andrew Hayward is the editor