World Liberty Financial denies selling WLFI tokens amid rumors

World Liberty Financial (CRYPTO:WLFI) has issued a statement denying rumors that it has sold any of its WLFI tokens, following reports suggesting the company was pursuing token swaps with various blockchain projects.

In a social media post dated February 3, the firm clarified that it routinely reallocates its crypto holdings as part of its treasury management strategy.

“To be clear, we are not selling tokens — we are simply reallocating assets for ordinary business purposes,” the post stated.

This clarification came shortly after a report from Blockworks claimed that World Liberty was looking to sell at least $10 million worth of WLFI tokens in exchange for acquiring tokens from other projects.

World Liberty Financial, which is linked to the family of former President Donald Trump, currently holds approximately $373 million in cryptocurrencies, with significant investments in Ether (CRYPTO:ETH) and Wrapped Bitcoin (CRYPTO:WBTC).

The company’s recent activities include a $10 million purchase of Ether in late January.

Despite the denial of token sales, speculation arose regarding potential swaps with projects like Chainlink (CRYPTO:LINK) and Aave (CRYPTO:AAVE), among others.

World Liberty Financial has faced criticism and scepticism regarding its operations, with some industry figures questioning the legitimacy of its practices.

Billionaire investor Mark Cuban previously described the project as an act of “desperation” by Trump, while Anthony Scaramucci labeled it a “scammy grift.”

The company has claimed strong demand for its WLFI tokens, stating that it has already sold 20% of its total supply and plans to sell an additional 5% due to overwhelming interest.