World Liberty Financial (WLFI), a DeFi initiative associated with US President-elect Donald Trump, has recently addressed concerns surrounding Ethereum transactions totaling $60 million.
In a statement released on January 15, WLFI clarified that these transactions were part of their routine treasury management practices and not indicative of asset sales. The project emphasized that the movements were aimed at maintaining a strong, secure, and efficient treasury, stating, “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.”
The blockchain analysis platform Lookonchain revealed a series of high-value transfers by WLFI, including the conversion of 103 Wrapped Bitcoin (WBTC) valued at $9.89 million into 3,075 Ethereum (ETH). Additionally, WLFI deposited 18,536 ETH worth nearly $59.8 million into Coinbase and spent $1.7 million in Tether (USDT) to acquire 17.62 WBTC at $96,491 per token.
Despite these transactions, WLFI has reportedly incurred a $5 million loss from its recent asset allocations, according to Lookonchain. Data from Arkham Intelligence shows that WLFI’s wallet currently holds approximately $16.7 million in various assets.
This recent activity marks WLFI’s first significant transaction since December when the project expanded its portfolio with various DeFi tokens. Following the approval of a community-backed proposal to launch a custom Aave v3 instance, WLFI has been relatively quiet on social media platforms, providing few updates.
World Liberty Financial aims to establish itself as a DeFi hub where users can engage in lending, borrowing, and investing in digital assets. Initially seeking to raise $300 million during its token sale, the project adjusted its target to $30 million after encountering challenges in fundraising. With support from crypto investor Justin Sun, WLFI successfully achieved its revised goal.
Following Trump’s election victory in November, the project experienced an 81% increase in token profits, now totaling $80.2 million, according to data from Dune Analytics. As WLFI continues to navigate the DeFi landscape, it remains focused on expanding its offerings and maintaining a secure and efficient treasury for its operations.