World Liberty Financial Transfers $212M in Ethereum (ETH) to Coinbase Prime

World Liberty Financial, a decentralized finance (DeFi) project associated with Donald Trump, transferred 73,783 Ethereum (ETH) worth $212 million to Coinbase Prime.

World Liberty Financial, a decentralized finance (DeFi) project linked to Donald Trump, has transferred 73,783 Ethereum (ETH) to Coinbase Prime, according to blockchain data. The transaction, part of a larger transfer, is valued at over $212 million.

In total, Spot On Chain data shows that the firm moved eight assets across 13 transactions, with a combined value of $307.4 million. Besides Ethereum, the transfers included Wrapped Bitcoin (WBTC), Chainlink (LINK), Aave (AAVE), Ethena (ENA), Movement (MOVE), Ondo (ONDO), and USD Coin (USDC) worth nearly $28 million.

The large-scale Ethereum transfer has sparked discussions within the crypto community, especially regarding the firm’s treasury management strategy. Some crypto users speculate that World Liberty Financial might be working on a stablecoin project backed by Ethereum.

On X, a user suggested that the Trump-linked firm could be building a stablecoin similar to MIM but using an Aave fork instead of an isolated market. The presence of a large Ethereum reserve adds to these assumptions.

Meanwhile, Eric Trump took to X to share his thoughts on Ethereum, making a statement that could encourage investors to buy ETH. “Time to add ETH,” he wrote, suggesting that holders will benefit from it later.

Shortly after his post, Ethereum’s price surged to close to $2,810, although it had already recovered to around $2,770 before his comment. The price increase comes as Donald Trump decided to delay tariff plans on Canada and Mexico. At press time, Ethereum was trading at $2,805, reflecting an 8.3% daily increase.

Following the Ethereum transfer, on-chain data showed that World Liberty Financial has repurchased ETH. The firm unstaked 19,423 staked Ethereum (stETH) and converted it back into ETH. It also used 5 million USDC to buy 1,826 ETH at a price of $2,738 per token.

According to Arkham Intelligence, the firm currently holds around $33.1 million in crypto assets. Its largest holding is USD Coin (USDC), with over $15 million. It also holds Wrapped TRX (WTRX), staked Ethereum (stETH), Tether (USDT), and Ethereum (ETH). These assets are part of the company’s broader crypto reserves.

As reports of the Ethereum transactions to Coinbase Prime emerged, there was speculation about whether World Liberty Financial was liquidating its assets. However, the firm addressed these concerns and denied any plans to sell.

In a statement on X, World Liberty Financial clarified that the transfers were part of its regular treasury management. The company stated that it was reallocating assets for business purposes and was not selling tokens.

World Liberty Financial emphasized that these movements were standard procedures for managing liquidity and maintaining financial efficiency. The firm also urged the public to avoid speculation about its asset transfers.