World Liberty Financial, the decentralized finance initiative associated with former US President Donald Trump, has made a significant shift of Ethereum assets to Coinbase Prime.
Data recorded on the blockchain discloses that over 13 transactions, World Liberty Financial transferred a substantial sum across eight different digital assets.
World Liberty Financial Offloads Ethereum
As per Spot On Chain, World Liberty Financial transferred a sum of $307.4 million across various assets to Coinbase Prime on February 4. This considerable transfer included 73,783 Ethereum (ETH) valued at $212 million, leading the way as the most substantial transaction.
In addition, the transfer consisted of 552 Wrapped Bitcoin (WBTC) worth $52.7 million, 219,149 Chainlink (LINK) valued at $4.7 million, 16,585 Aave (AAVE) worth $4.5 million, 4.9 million Ethena (ENA) valued at $3.3 million, 2.0 million Movement (MOVE) worth $1.3 million, 114,754 Ondo (ONDO) valued at $160,656, and USDC worth $27.86 million.
This move has sparked curiosity and speculation within the crypto community.
Users have taken to various platforms to share their thoughts on the matter, with one stating, “I think Trump family is building a stablecoin like MIM but with aave fork instead of what we did with isolated market. That’s my opinion. This is why they have so much ETH as collateral for that,” on X (previously known as Twitter).
During this active transfer period, Eric Trump, son of Donald Trump, posted on X urging people to consider acquiring ETH, stating, “In my opinion, its a great time to add ETH. You can thank me later.”
Eric Trump's post led to a surge in the price of ETH, pushing the altcoin close to $2,900. Notably, prior to this post, ETH had already rebounded to about $2,700. This recovery was influenced by the President’s decision to temporarily defer proposed tariffs on Canada and Mexico amidst ongoing negotiations.
Subsequently, the price stabilized at $2,703, showing an 8.3% increase over the previous day.
Interestingly, following the outgoing transfers, World Liberty Financial made purchases of ETH. The project unstaked 19,423 stETH and converted it into ETH. Additionally, it used 5 million USDC to acquire 1,826 ETH priced at $2,738 per token.
According to the latest data from Arkham Intelligence, World Liberty Financial presently holds around $33.1 million in crypto assets.
The company’s largest assets are USDC valued at $15.09 million, followed by 40.72 million WTRX worth $9.2 million. The portfolio further includes 1,828 stETH worth $5.15 million, $3.1 million in USDT, and 84.08 ETH valued at $237,620.
World Liberty Financial Addresses Token Sales Speculation
Amidst the transfer of ETH to crypto exchanges, there were rumors circulating that World Liberty Financial was contemplating selling off its assets. However, World Liberty Financial moved swiftly to dismiss these claims. In a statement on X, the company clarified that the recent transfers were part of their routine treasury management.
“To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes,” the statement asserted.
World Liberty Financial highlighted that these actions are standard practices aimed at upholding a secure and efficient treasury, advising the public against engaging in unfounded speculations.