World Liberty Financial moved over $350 million in cryptocurrencies, prompting public interest and analyst suspicion.
Crypto Outflows and Transfers
According to Arkham Intelligence data, WLFI's transfers primarily included Ethereum and Wrapped Bitcoin, with smaller amounts of other tokens. Many assets were sent to unlabeled wallets, but a significant portion of Ethereum was deposited into a Coinbase Prime wallet. This has fueled speculation of potential sales on the exchange.
Rumors of Token Swaps and Cashing Out
A Blockworks report claims WLFI may be engaging in token swaps with various crypto projects. Sources say the protocol plans to swap at least $10 million worth of its tokens for an equivalent amount in another cryptocurrency. Despite this, WLFI denied any major sell-offs, emphasizing that the transactions align with its long-term strategy.
Trump Family’s Crypto Ambitions
WLFI has positioned itself as a pro-Trump platform, with former President Trump as the Chief Crypto Advocate. His sons serve as Web3 Ambassadors. Eric Trump recently fueled speculation about the family’s crypto interests, later editing his statement.
Despite varied opinions, World Liberty Financial continues to develop its crypto initiatives, facing criticism and challenges.
