World Liberty Financial Denies Token Sale Rumors Amid Massive Crypto Transfers
World Liberty Financial, a decentralized finance project associated with the Trump family, has made a significant move by transferring $307.4 million worth of assets to Coinbase Prime. This transfer, which occurred on February 4, included a variety of cryptocurrencies, with the most notable being 73,783 Ethereum (ETH) valued at $212 million. Other assets in the transfer included 552 Wrapped Bitcoin (WBTC), 219,149 Chainlink (LINK), and 16,585 Aave (AAVE).
Speculation Surrounding World Liberty’s Actions
This massive transfer sparked widespread speculation within the crypto community. Some users theorized that the Trump family might be working on creating a new stablecoin, citing the large Ethereum holdings as collateral. Eric Trump, son of former President Donald Trump, contributed to the buzz by encouraging others to buy Ethereum, which led to an immediate surge in ETH prices.
Shortly after the transfer, World Liberty Financial also bought Ethereum, converting 19,423 stETH into ETH and spending 5 million USDC to acquire 1,826 ETH at a price of $2,738 per token. These moves have contributed to the growing interest in the project, which is actively seeking to expand its crypto portfolio.
Clarification: World Liberty Financial Denies Token Sales
Despite rumors suggesting that World Liberty Financial might be planning to sell its WLFI tokens, the project has strongly denied these allegations. In an official statement on X, the company clarified that these transfers were part of regular treasury management, not a sale of tokens. The firm reassured its followers that the actions were meant to reallocate assets for operational needs and not to initiate any preferential token deals.
World Liberty Financial’s Crypto Holdings and Strategic Moves
World Liberty Financial’s crypto treasury is valued at over $364 million, with the largest holdings being ETH, WBTC, and USDC. Smaller assets include AAVE, LINK, and ENA. The company has faced scrutiny due to Justin Sun’s involvement in the project and ongoing criticisms from figures such as Anthony Scaramucci and Mark Cuban. Despite this, the project has continued its operations, including selling 20% of its WLFI token supply, generating $300 million in the process.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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