The decentralized finance (DeFi) project World Liberty Financial (WLFI), associated with Donald Trump, recently made a significant move by transferring almost $60 million worth of Ethereum (ETH). According to the crypto tracker Lookonchain, World Liberty deposited 18,536 ETH, valued at $59.8 million, into Coinbase Prime on Tuesday.
WLFI stated that these transactions were part of routine movements of their crypto holdings for regular treasury management, payment of fees, expenses, and addressing working capital requirements. They emphasized that they were not selling tokens, but simply reallocating assets for ordinary business purposes to maintain a strong and secure treasury. The project currently holds $17.2 million worth of digital assets, as reported by the crypto data platform Arkham.
It is important to note that despite listing Donald Trump as the “Chief Crypto Advocate,” the second-term President-elect is not directly involved in the operations of World Liberty Financial or its affiliates. The company’s website mentions that Trump may receive tokens and a significant portion of the net protocol revenues.
For more updates and alerts, subscribers can sign up to receive email notifications directly to their inbox. Additionally, users can follow price actions and stay connected with World Liberty Financial through social media platforms like Twitter, Facebook, and Telegram.
In conclusion, World Liberty Financial’s recent Ethereum transfer highlights their commitment to effective treasury management and operational efficiency. Despite the association with Donald Trump, the project remains focused on its mission to navigate the decentralized finance space.