World Liberty Financial recently conducted significant transactions worth $307.41 million through Coinbase Prime. This activity raises numerous questions, particularly concerning the reduction of ETH.
Massive ETH Sell-Off Raises Concerns
World Liberty Financial executed 13 ETH transactions totaling over $175 million, significantly reducing its ETH holdings. These trades brought down their ETH assets to just $82,000, while ETH was previously the dominant treasury asset. Besides ETH, the project liquidated AAVE, ENA, and LINK holdings worth around $30 million but retained its TRX investments.
Unusual On-Chain Activity Raises Eyebrows
Recently, World Liberty Financial has been receiving small ETH deposits from inactive or newly created wallets, which have prior transactions with major exchanges like Binance, KuCoin, and Upbit. This raises questions about potential financial maneuvers by the company.
Uncertainty Surrounds Future Treasury Moves
World Liberty's total crypto holdings now stand at $33 million, marking a 90% decline from the earlier $363 million. Reports of a token-swapping scheme have fueled speculation, although the team has denied such claims.
The actions of World Liberty Financial raise numerous questions about their treasury strategy. While the company denies rumors of token manipulation, the continuation of unexplained activity generates further inquiries.
