In the last 24 hours, World Liberty Financial (WLFI), a cryptocurrency initiative supported by President-elect Donald Trump, has transferred a significant $61.4 million worth of Ethereum, according to blockchain data provided by Arkham Intelligence. The data confirmed the funds were dispersed across several wallets, including Coinbase Prime.
WLFI addressed the transaction through a statement on X, asserting that the movement of funds was part of “routine treasury management,” involving the payment of fees, expenses, and the addressing of working capital requirements. The project clarified that none of its tokens were sold during the process, emphasizing that these actions are “normal practice for managing operations.”
Arkham Intelligence’s tracking also revealed additional movements by WLFI, including the conversion of 103 Wrapped Bitcoin (WBTC)—valued around $10 million—into 3,075 ETH. Along with this, another $59.8 million worth of Ethereum was sent to Coinbase Prime and other addresses.
In a separate transaction, WLFI spent $1.7 million in Tether (USDT) to acquire 17.62 WBTC at an average rate of $96,49. At its peak in mid-December, the project’s wallet held approximately $83 million. However, by the time of this report, the balance had dipped to $17 million.
The project reiterated that these transfers were essential for operational needs, in line with its ongoing treasury management strategy. Despite this shift, WLFI is facing unrealized losses of $4.8 million due to market fluctuations in assets such as Ethereum, WBTC, Aave (AAVE), and Chainlink (LINK).
Notably, WLFI has maintained its long-term investment approach by holding onto its assets instead of selling them, signaling its commitment to weathering market volatility. The project has also recently partnered with Ethena Labs to integrate the sUSDe stablecoin into its Aave system. This stablecoin, backed by borrowed Bitcoin and held on Ethereum, highlights WLFI’s continuous effort to expand and enhance its ecosystem.
Related topics:
Mango Markets to Shut Down Following $117 Million Hack
CryptoQuant CEO and Citi Analysts Share Divergent Views on Altcoin Outlook for 2025
