World Liberty Financial, linked to Donald Trump, moved over $350 million in cryptocurrency this week, prompting various speculations among analysts.
Crypto Outflows and Exchange Transfers
According to Arkham Intelligence data, World Liberty Financial transferred significant amounts of Ethereum and Wrapped Bitcoin, along with smaller volumes of other tokens like Aave and Chainlink. Most of these funds were sent to unmarked addresses, but a substantial portion of Ethereum went to a wallet associated with Coinbase Prime. This has spurred talks of potential asset sales on the exchange.
Rumors of Token Swaps and Cashing Out
Blockworks reports suggest that World Liberty Financial may be engaging in token swaps, allegedly planning to sell WLFI tokens worth $10 million. However, the project denies significant sell-offs, stating that all actions are in line with their long-term strategy.
Trump Family’s Crypto Ambitions
World Liberty Financial positions itself as a pro-Trump project. Donald Trump holds the title of 'Chief Crypto Advocate', while his sons are involved as Web3 Ambassadors. Recently, Eric Trump suggested it's 'a great time to add ETH', sparking further discussions.
World Liberty Financial continues to conduct major cryptocurrency transactions, sparking discussions within the community. Despite criticism and doubts, the project claims its actions are targeted at long-term development.
