Trump Family’s World Liberty Financial (WLFI) Transfers $59,800,000 Ethereum to Coinbase Prime: On-Chain Data
Donald Trump’s decentralized finance (DeFi) project, World Liberty Financial (WLFI), has moved nearly $60 million worth of Ethereum (ETH).
Lookonchain cryptocurrency tracker Notes World Liberty deposited 18,536 ETH worth $59.8 million into Coinbase Prime on Tuesday.
The DeFi project noted on Tuesday that it was carrying out “routine movements” of its cryptocurrency holdings as part of “regular treasury management, payment of fees and expenses and processing of working capital requirements.”
“To be clear, we are not selling tokens, we are simply reallocating assets for normal trading purposes. These actions are intended to be part of maintaining a strong, secure and efficient treasury. No need to speculate, this is all standard operations management practice at WLFI.
The DeFi project currently has $17.2 million worth of digital assets, according to the cryptocurrency data platform Arkham.
Universal freedom Notes It is in the fine print on its website that the president-elect to a second term is not an officer, director, founder, or employee of the company or any of its subsidiaries, but the company lists Donald Trump as a “principal advocate for cryptocurrencies.” The World Liberty website also states that Trump may receive the tokens and a significant portion of the protocol’s net revenue.
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