|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
World Liberty Financial Moves $307M in Crypto to Coinbase
Feb 04, 2025 at 10:34 am
World Liberty Financial, a decentralized finance (DeFi) project backed by U.S. President Donald Trump, has moved a substantial portion of its cryptocurrency
World Liberty Financial, a decentralized finance (DeFi) project backed by former U.S. President Donald Trump, has moved a substantial portion of its cryptocurrency holdings to Coinbase Prime. According to blockchain data, the transfer involved more than 90% of its multi-asset treasury, including large amounts of Ethereum (ETH) and Wrapped Bitcoin (WBTC), as well as positions in AAVE, ENA, and LINK.
The transactions, which began on Monday evening, saw World Liberty Financial shift approximately $307 million in digital assets to the crypto exchange platform. The movements were part of what the project described as “treasury management and business operations.”
The assets moved included ETH, WBTC, and other cryptocurrencies that were previously held in the project’s treasury. The transfers occurred in 13 separate transactions, ranging from $4 million to $95 million. After these transactions, World Liberty Financial’s total holdings dropped from $363 million to around $33 million.
Before the large crypto transfers to the top crypto exchange, statements from World Liberty Financial on X indicated that Trump’s DeFi project was not planning to sell its crypto holdings.
“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 DeFi project added. “To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes.”
Meanwhile, President Donald Trump’s newly proposed Sovereign Wealth Fund has sparked speculation about the inclusion of Ethereum and Bitcoin as part of its asset portfolio.
After the large-scale transfers to Coinbase, blockchain data showed that World Liberty Financial began receiving a series of small ETH deposits. Originating from newly created or inactive addresses, some of these deposits were as low as a few dollars.
Notably, before the transfers, World Liberty Financial held approximately $175 million worth of ETH, making it the largest asset in its treasury. The project also moved holdings in AAVE, ENA, and LINK, which were collectively valued at around $30 million. Each transaction was executed through multiple intermediary addresses before reaching Coinbase.
The only major asset that remained untouched in the treasury was TRX, which the project had acquired following an investment from Justin Sun. The Tron founder initially invested $30 million and later increased his stake to $75 million, also joining the project as an advisor.
As the transfers were being executed on the blockchain,لاحظ سعر ETH تقلبات حادة بالسعر استجابة لظروف السوق. Initially facing downward pressure due to economic concerns tied to President Trump’s trade tariffs, ETH price movements showed a 50% rebound in a reversal that brought it past the $2,800 mark.
It’s worth noting that the $2,800 price level acted as a key support for ETH, and the asset showed signs of recovery after recent volatility. Large investors, including whales like 7 Siblings, accumulated ETH, suggesting confidence in a rebound.
Amid the market movement, Eric Trump took to X, suggesting it was a favorable time to buy Ethereum during the recent market dip.
“In my opinion, it’s a great time to add $ETH,” he wrote.
World Liberty Financial still holds approximately $96.62 million in assets across nine known wallets, following the large treasury shift.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- RIPPLE REVEALED: The Truth Behind XRP’s Supply Limitations!
- Feb 04, 2025 at 05:11 pm
- In the dynamic cryptocurrency landscape, many investors are understandably skeptical, particularly when it comes to token supply. The debate regarding the XRP token's maximum supply continues to be a focal point of contention, but recent clarifications have shed light on this issue.