Analytics platform Arkham reported that a crypto wallet linked to the Trump family's World Liberty Financial (WLFI) project has made several transactions.
According to network data, the wallet exchanged 103,1493 WBTC for 3075,198 ETH, making a transaction worth about $9,917 million. It also converted another 16,6199 WBTC into 1,7 million USDT via Cow Protocol and subsequently transferred 11 ETH, worth about $917,635 million, to Coinbase Prime.
World Liberty Financial issued a clarification on social media regarding the latest transactions, saying that all of the transfers were standard financial management practices and not asset sales.
We make routine transactions with our crypto assets for normal capital management purposes, as well as to pay fees, expenses, and meet working capital needs. To be clear, we are not selling tokens, we are simply reallocating assets for normal business purposes, the publication says.
Donald Trump founded World Liberty Financial in mid-September 2024. He called the project a “decentralized finance initiative” based on the WLFI token. World Liberty employs three of the president-elect’s sons: Eric Trump, Donald Trump Jr., and Barron Trump. Other details about the project are still unknown or confusing.
