World Liberty Financial, a decentralized platform linked to Donald Trump, moved $350 million in cryptocurrencies amid increased scrutiny of its financial activities.
Crypto Outflows and Exchange Transfers
WLFI transferred assets like Ethereum and Wrapped Bitcoin to various wallets, including Coinbase Prime. This has fueled speculation about a possible sale of assets on exchanges. At the time of transfer, WLFI's treasury held over $400 million in cryptocurrencies, but now the balance stands at about $33 million.
Rumors of Token Swaps and Cashing Out
According to a Blockworks report, WLFI might engage in token swaps with other crypto projects. Anonymous sources claim that WLFI seeks to cash at least $10 million in its tokens for another cryptocurrency. Despite these rumors, WLFI denies major asset sell-offs, emphasizing alignment with its long-term strategy.
Trump Family’s Crypto Ambitions
World Liberty Financial positions itself as a pro-Trump platform, with Donald Trump as Chief Crypto Advocate and his sons as Web3 Ambassadors. This role has also attracted skepticism and criticism, including concerns about potential negative impacts on the cryptocurrency industry.
The asset movement by World Liberty Financial has once again drawn attention from the crypto community and sparked discussions. Despite claims of routine nature, rumors and speculations continue to grow.
