World Liberty Financial Moves ETH and wBTC to CEX, Want to Sell?

Bittime - World Liberty Financial, Donald Trump's crypto project, has moved almost all of its Ethereum (ETH) and Wrapped Bitcoin (wBTC) holdings from its treasury to crypto exchange Coinbase. 

This move sparked speculation that the assets would be sold. Is it true? Read this article to find out more!

World Liberty Financial Moves ETH and wBTC

This transfer of funds began with three test transactions of $12 approximately 7 hours ago. World Liberty Financial appears to be transferring most of their ETH to a Coinbase Prime deposit address. 

Additionally, the project's wBTC holdings also went through several stages before finally arriving at Coinbase's hot wallet, using platforms such as CoW Swap as an intermediary.

Read Also: World Liberty Financial (WLFI) Coin: Everything You Need to Know 

World Liberty Financial Also Moves Staked ETH  

In addition to ETH and wBTC, World Liberty Financial also appears to be moving tens of millions of dollars in staked ETH. Previously, this asset was the third largest holding in the project's cash. 

However, until now it is not clear the reasons behind this large-scale transfer. Typically, crypto projects move their assets to exchanges when they plan to sell them.

Suspicious Activity in World Liberty Financial Cash

Interestingly, even though most assets have been moved to Coinbase, World Liberty Financial still accepts small amounts of ETH from dozens of low-value transactions. 

Some of them are even worth just a few dollars, coming from newly created or previously relatively inactive addresses. Some of them have transaction histories with major exchanges such as Binance, KuCoin, and Upbit.

Read Also: World Liberty Financial Updates WLFI Token Purchase Terms 

Massive Liquidation by World Liberty Financial

In a series of 13 transactions worth between $4 million and $95 million, World Liberty Financial almost completely sold their ETH holdings, leaving only about $82,000. 

Currently, World Liberty Financial's total crypto asset holdings only have around $33 million remaining, down drastically from the $363 million they had the morning before the transaction took place.

Previously, the project held more than $175 million in ETH, which was the largest asset in their treasury.  

Read Also: How to Buy World Liberty Financial (WLFI) Tokens, Here are the Steps! 

World Liberty Financial Haven't Moved TRX yet 

In addition to ETH and wBTC, World Liberty also appears to have sold around $30 million worth of AAVE, ENA, and LINK tokens, using various anonymous addresses before eventually landing on Coinbase.

Interestingly, the project has yet to make any moves on their TRX holdings. These assets were acquired after Tron founder Justin Sun invested $30 million in the project, which was later increased to $75 million.  

Lalu, aIs this move a sign that the project will sell its assets, or is there another strategy behind this move? Let's wait for the next update.

Read Also: World Liberty Financial (WLFI) Buy ETH, wBTC, LINK and TRX! 

World Liberty Financial FAQs

What is World Liberty Financial?

World Liberty Financial is a platform that focuses on strategic investments in cryptocurrency and blockchain. WLFI aims to be a leader in adopting innovative technologies and supporting the crypto ecosystem globally.

What is the Connection between WLFI and Donald Trump?

World Liberty Financial (WLFI) has a vision to support the values ​​of economic freedom in line with the ideology promoted by Donald Trump.  

Is World Liberty Financial Suitable for Beginners?

World Liberty Financial (WLFI) is aimed more at institutional investors or individuals with a deep understanding of the crypto market.  

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Reference

The Block, Trump-backed World Liberty Financial moves its sizable ETH and WBTC holdings to Coinbase, accessed February 5, 2025.

Author: IPR