World Liberty Financial (WLFI), a decentralized finance (DeFi) project with ties to the Trump family, recently moved a significant amount of cryptocurrency.
A Big Ethereum Transfer
WLFI transferred approximately $59.8 million worth of Ethereum (ETH) to Coinbase Prime. This was confirmed by blockchain analytics firm Lookonchain. The company stated that this was a routine move as part of standard treasury management.
WLFI’s Explanation
WLFI clarified that this wasn’t a token sale, but rather a reallocation of assets to cover expenses and working capital needs. They emphasized that this is standard practice for managing their finances.
Current Holdings and Trump’s Role
According to Arkham Intelligence, WLFI currently holds around $17.2 million in digital assets. While the company’s website specifies that Donald Trump isn’t an employee or officer, it does list him as their “Chief Crypto Advocate.” The website also mentions that Trump may receive tokens and a share of the company’s profits.
Disclaimer: This information is for news purposes only and is not financial advice. Always do your own research before investing in cryptocurrencies.
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