Trump Family’s World Liberty Financial (WLFI) Transfers $59,800,000 in Ethereum to Coinbase Prime: On-Chain Data

The Donald Trump-affiliated decentralized finance (DeFi) project World Liberty Financial (WLFI) has moved nearly $60 million worth of Ethereum (ETH).

The crypto tracker Lookonchain 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 executing “routine movements” of its crypto holding as part “of regular treasury management, and payment of fees and expenses and to address working capital requirements.”

“To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes. These actions are intended to be part of maintaining a strong, secure, and efficient treasury. No need to speculate—this is all standard practice for managing operations at WLFI.” 

The DeFi project currently holds $17.2 million worth of digital assets, according to the crypto data platform Arkham.

World Liberty notes in the fine print on its website that the second-term President-elect is not an officer, director, founder, or employee of the firm or any of its affiliates, but the company does list Donald Trump as its “Chief Crypto Advocate.” World Liberty’s website also states that Trump may receive tokens and a large chunk of the net protocol revenues.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Trump Family’s World Liberty Financial (WLFI) Transfers $59,800,000 in Ethereum to Coinbase Prime: On-Chain Data appeared first on The Daily Hodl.