‘We Are Not Selling’: Trump-Linked DeFi Project Addresses $250M in Ethereum Token Moves

The Donald Trump-linked Defi Protocol World Liberty Financial has transferred more than $ 250 million EthereumPacked Bitcoin And other assets based on Ethereum from his multi-sig wallet on Monday, although the company claims that it does not sell the assets in the midst of volatile market movements.

“We make routine movements of our crypto companies as part of regular treasury management, and the payment of costs and costs and to tackle the requirements of the working capital,” the protocol Posted on X (previously known as Twitter). “To be clear, we don’t sell tokens – we are simply re -allocation assets for ordinary business purposes.”

The treasury of the protocol, which had more than $ 400 million in assets on 2 February based on Arkham Intelligence’s Portfolio Archive Tools now have less than $ 90 million in total assets.

The biggest outflows came from Ethereum and wrapped Bitcoin or WBTC, a 1: 1 supported Bitcoin – alternative that acts on Ethereum – of which almost $ 168 million and $ 64 million were transferred on Monday afternoon respectively.

While most assets were transferred to non-brushed addresses, the majority of the Ethereum outflows were transferred to a wallet labeled by Arkham as Coinbase Prime-De Full-Service Brokerage of the US Cryptocurrency Exchange for Investors In Institutional Quality, which led to speculation that can sell the platform. .

This is the second time that the platform has shared a message with his followers who reassure them that it does not sell tokens, most recent Who did on January 14.

A week after that announcement, the project generated the crypto community when it bought more than $ 100 million in crypto assets, marked by $ 47 million in Ethereum and Bitcoin respectively, as a way Remembrance of Trump’s inauguration as the 47th president of the United States.

In addition to transfers from Ethereum and Wrapped Bitcoin, World Liberty Financial has also moved smaller chunks from Aave (Aave), Ethena (ENA), Movement (Move), Chainlink (link) and ONDO (ONDO).

The platform, which still performs an extensive token sale, still has more than more than 1 billion WLFI -Tokens Available for $ 0.05 each. It is said that World Liberty Financial is inspired by President Trump, who serves as the most important crypto lawyer of the project in addition to his sons, Donald Jr., Eric and Barron, who are mentioned as “Web3 Ambassadors” for the project.

Published by Andrew Hayward