3 hours ago
World Liberty Financial (WLFI), a DeFi inaugural linked to US President-elect Donald Trump, has addressed concerns astir caller Ethereum transactions worthy $60 million.
On Jan. 15, the task clarified that the movements are portion of its regular treasury management, dispelling speculations of plus sales.
It stated:
“To beryllium clear, we are not selling tokens—we are simply reallocating assets for mean concern purposes. These actions are intended to beryllium portion of maintaining a strong, secure, and businesslike treasury. No request to speculate—this is each modular signifier for managing operations astatine WLFI.”
These comments travel from the blockchain investigation level Lookonchain, which revealed a bid of high-value transfers by WLFI.
According to the platform, the DeFi task converted 103 Wrapped Bitcoin (WBTC), valued astatine $9.89 million, into 3,075 Ethereum (ETH). It past deposited 18,536 ETH, worthy astir $59.8 million, into Coinbase. Afterward, WLFI spent $1.7 cardinal successful Tether (USDT) to get 17.62 WBTC astatine $96,491 per token.
These transactions followed the project’s caller accumulation of respective DeFi tokens, including Aave, Chainlink, and Ondo. However, Lookonchain noted that WLFI has incurred a $5 cardinal nonaccomplishment from its caller plus allocations.
WLFI Assets (Source: Lookonchain)Meanwhile, data from Arkham Intelligence shows that WLFI’s wallet holds astir $16.7 cardinal successful assorted assets astatine property time.
What adjacent for WLFI?
This enactment marks WLFI’s archetypal important transaction since December erstwhile it expanded its portfolio with a scope of DeFi tokens. It besides followed the support of a community-backed proposal to motorboat a customized Aave v3 lawsuit for its platform.
Despite this progress, the task has maintained a debased illustration connected societal media, offering fewer updates.
World Liberty Financial envisions itself arsenic a DeFi hub wherever users tin lend, borrow, and put successful integer assets.
While the task initially sought to rise $300 cardinal during its token sale, it scaled backmost its people to $30 cardinal aft facing fundraising challenges. This extremity was achieved with support from crypto capitalist Justin Sun.
Following Trump’s November predetermination victory, the task experienced an 81% surge successful token profits, present totaling $80.2 million, according to Dune Analytics data.
The station Donald Trump-linked DeFi task clarifies $60 cardinal ETH question amid sell-off speculation appeared archetypal connected CryptoSlate.
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