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World Liberty Financial Shifts $307M in Crypto

World Liberty Financial Shifts $307M in Crypto

DeFi

World Liberty Financial, a decentralized finance (DeFi) project with ties to former U.S. President Donald Trump, recently transferred a significant portion of its cryptocurrency holdings to Coinbase Prime. Blockchain data reveals that the transfer encompassed over 90% of its multi-asset treasury, involving substantial amounts of Ethereum (ETH) and Wrapped Bitcoin (WBTC), along with positions in AAVE, ENA, and LINK.

$307 Million Crypto Transfer to Coinbase

On-chain data from SpotOnChain indicates that approximately $307 million worth of digital assets were moved to Coinbase Prime. World Liberty Financial described these transactions as part of "treasury management and business operations." The transfer involved 13 separate transactions, ranging from $4 million to $95 million, resulting in a significant decrease in the project's total holdings from $363 million to approximately $33 million.

Prior to the transfers, World Liberty Financial stated on X (formerly Twitter) that it did not intend to sell its crypto holdings. The project clarified that the movements were for "routine treasury management, payment of fees and expenses, and to address working capital requirements." They emphasized that this was not a token sale, but rather a reallocation of assets for typical business needs.

Treasury Holdings Decline by 90%

Before the transfer, ETH represented the largest portion of World Liberty Financial's treasury, holding an approximate value of $175 million. The project also moved holdings in AAVE, ENA, and LINK, totaling around $30 million. Each transaction utilized multiple intermediary addresses before reaching Coinbase.

Interestingly, TRX, acquired following an investment from Justin Sun, remained untouched. Sun's initial investment was $30 million, later increased to $75 million, solidifying his role as an advisor to the project.

Following the Coinbase transfers, blockchain data shows a series of small ETH deposits into World Liberty Financial's wallets, originating from newly created or inactive addresses.

Market Volatility and Eric Trump's Comments

Ethereum's price experienced significant fluctuations during this period. Initial downward pressure, potentially linked to concerns surrounding President Trump's trade policies, was followed by a 50% rebound, pushing ETH above $2,800. This price level is considered a key support level.

Amidst the market volatility, Eric Trump posted on X, suggesting it might be an opportune time to buy Ethereum during the dip.

Despite the substantial treasury shift, World Liberty Financial retains approximately $96.62 million in assets across nine known wallets.

Disclaimer: This information is for educational purposes only. Conduct thorough research before making any investment decisions. Codeum is not responsible for any personal financial losses.

Codeum provides comprehensive blockchain security and development services, including smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and partnerships with launchpads and crypto agencies.

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