World Liberty Financial (WLFI), a DeFi initiative linked to US President-elect Donald Trump, has addressed concerns over recent $60 million worth of ethereum transactions.
On January 15, the project clarified that the moves are part of its routine treasury management, dispelling speculation about asset sales.
He <a target="_blank" href="https://x.com/worldlibertyfi/status/1879281650468823165″>fixed:
“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, safe and efficient treasury. “There is no need to speculate – this is all standard practice for managing operations at WLFI.”
These comments come from blockchain analytics platform Lookonchain, which <a target="_blank" href="https://x.com/lookonchain/status/1879341156351533331″>revealed a series of high value transfers by WLFI.
According to the platform, the DeFi project converted 103 Wrapped bitcoin (WBTC), valued at $9.89 million, into 3,075 ethereum (eth). He then deposited 18,536 eth, worth almost $59.8 million, on Coinbase. WLFI subsequently spent $1.7 million on Tether (USDT) to acquire 17.62 WBTC at $96,491 per token.
These transactions followed the project's recent accumulation of several DeFi tokens, including Aave, Chainlink, and Ondo. However, Lookonchain noted that WLFI has incurred a $5 million loss from its recent asset allocations.
Meanwhile, data from Arkham Intelligence shows that WLFI's wallet contains approximately $16.7 million in various assets at the time of this publication.
What's next for WLFI?
This activity marks WLFI's first significant transaction since December, when it expanded its portfolio with a range of DeFi tokens. It also followed the approval of a community-supported project. proposal to launch a custom Aave v3 instance for your platform.
Despite this progress, the project has kept a low profile on social media and offers few updates.
World Liberty Financial envisions itself as a DeFi hub where users can lend, borrow, and invest in digital assets.
While the project initially sought to raise $300 million during its token sale, it lowered its goal to $30 million after facing fundraising challenges. This goal was achieved with the support of cryptocurrency investor Justin Sun.
Following Trump's election victory in November, the project saw an 81% increase in token profits, now reaching a total of $80.2 million, according to Dune Analytics. data.
