US President Donald Trump-backed crypto project World Liberty Financial (WLFI) suddenly sent $307.4 million worth of digital assets to the Coinbase Prime exchange

Market intelligence firm Spot On Chain says World Liberty Financial moved $307.41 million in eight assets to top US crypto exchange Coinbase on Monday

A United States President Donald Trump-backed crypto project has suddenly moved $307.4 million.

On Monday, market intelligence firm Spot On Chain reported that World Liberty Financial moved $307.41 million in eight assets to top US crypto exchange Coinbase.

The large crypto transfer from World Liberty Financial to Coinbase includes 73,783 Ethereum (ETH) (around $212.6 million at the time) and 552.9 Wrapped Bitcoin (WBTC) (around $52.7 million at the time).

While projects often move digital assets to exchanges when they intend to sell them, especially during a market correction, World Liberty Financial stated that they are not selling off the assets.

“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,” a statement from World Liberty legal counsel reads. “To be clear, we are not selling tokens – we are simply reallocating assets for ordinary business purposes. These actions are intended to be part of maintaining a strong, secure, and efficient treasury. No need to speculate – this is all standard practice for managing operations at WLFI.”

After the large crypto transfer, blockchain “de-anonymizing” platform Arkham reports that World Liberty Financial now holds just $33.4 million in digital assets, which includes $15.1 million USDC, $9.16 million Tron (TRX) and $5 million staked Ethereum (stETH).