World Liberty Financial Shifts Major Assets for Operations

The cryptocurrency project WLFI, associated with the president of Donald Trump and his family, has transferred over $300 million in crypto assets into Coinbase.

A cryptocurrency project linked to former U.S. President Donald Trump and his family has shifted over $300 million in crypto assets into Coinbase, a move that has attracted attention amid a sell-off in global financial markets.

The project, known as WLFI, is said to have moved some $307.41 million worth of assets, including ETH and stETH, into Coinbase on February 5, according to reports.

The development comes as the administration led by Trump levied new tariffs on several items, leading to a sell-off in global financial markets. The crypto market also saw liquidations exceeding $2 billion, further heightening speculation about WLFI’s intentions.

According to the report, the move also saw the unstaking of 19,423 stETH into ETH and the purchase of 1,826 ETH for around $5 million worth of USDC, at an average price of $2,738.

These purchasing and selling decisions indicate that WLFI is accumulating additional ETHs, taking advantage of prevailing relatively low prices in response to market turbulence. As of now, WLFI has some $96.62 million in diversified crypto assets, although the value of its entire portfolio decreased by 21% from what it was before market fluctuations triggered by tariffs.

In its post on X, WLFI went further to break down the way funds were being moved, saying such actions are normal treasury management actions done to cover fees expenses and capital requirements.

According to the project, this is just part of their ongoing efforts toward securing a solid and efficient treasury, and dismissal of the views that there is some kind of unusual or strategic reason behind such a move.

Earlier, there were rumors of WLFI attempting to carry out token swaps with other protocols, which the organization has come out to deny.

The decision by the project regarding such a large portion of its assets, especially at this point when there is much price volatility in ETH, is quite open to interpretations on future strategy and involvement in the crypto space.