The DeFi platform WLFI addressed recent rumors about its crypto transactions, stating these were routine treasury management activities.
Context and WLFI's Statement
On January 15, WLFI released a statement confirming that the transactions were part of routine treasury management and not token sales. These asset reallocation activities were necessary to cover operational costs and ensure smooth operations.
> We’re making routine movements of our crypto holdings as part of regular treasury management, payment of fees and expenses, and to address working capital requirements. To be clear, we are not selling tokens. - WLFI (@worldlibertyfi) January 14, 2025.
Transaction Analysis
According to WLFI's official website, 5.36 billion of its 20 billion tokens have been sold, leaving 14.645 billion available for purchase using Ethereum (ETH), USDC, Tether (USDT), or Wrapped Ether (WETH). Activity was highlighted by blockchain analytics firm Arkham Intelligence, including $10 million swaps via the CoW protocol, causing speculation about the platform's intentions.
Future Plans and Integrations
WLFI is considering integrating the sUSDe stablecoin, pegged to the dollar and supported by Bitcoin and Ethereum, from Ethena Labs, offering users liquidity and yield opportunities.
In summary, WLFI managed to dispel rumors about selling tokens, detailing its current management and future plans to expand the ecosystem through new financial tools integration.
