Trump-linked World Liberty Financial transfers $307 million to Coinbase Prime

Share This Post

World Liberty Financial (WLFI), a crypto venture tied to the Trump family, has transferred over $307 million in digital assets to Coinbase Prime, according to data from SpotOnChain.

The transferred assets include 73,783 ETH worth approximately $212 million and 553 WBTC valued at $52.7 million. Other tokens involved in the move include AAVE, LINK, ENA, MOVE, ONDO, and USDC.

Large transfers to centralized exchanges often indicate a potential sale, which can lead to market volatility.

In addition to the transfer, WLFI unstaked 19,423 stETH, converting it back to ETH. The project also used $5 million in USDC to purchase 1,826 ETH at an average of $2,738 per token.

SpotOnChain estimates that WLFI retains $96.62 million in digital assets spread across nine wallets despite the movement.

Trump’s tariff war leads to losses

The exchange transfer follows a 21% drop in WLFI’s crypto holdings. This decline came after US President Donald Trump’s recent tariff policies targeted Canada and Mexico.

SpotOnChain data shows that WLFI’s initial $242.77 million crypto investment, made between Jan. 19 and 31, has since decreased by over $51.7 million. Ethereum accounted for most of these losses at nearly $37 million, followed by $8 million in wrapped Bitcoin and over $2 million in Ethena.

Amid the downturn, Eric Trump publicly supported Ethereum, urging followers on X (formerly Twitter) to buy the asset.

He posted:

“In my opinion, it’s a great time to add ETH. You can thank me later.”

WLFI denies asset sales

In response to speculation, World Liberty Financial clarified that its recent fund movements were part of routine treasury management.

The project stated that the transfers were intended to manage fees, expenses, and operational liquidity rather than offloading assets.

It stated on X:

“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 statement followed a report from Blockworks that WLFI was seeking token swap deals with other crypto projects.

The report alleged that the project aimed to exchange at least $10 million worth of its soon-to-launch WLFI tokens for an equal value in another project’s native digital assets. The deal reportedly included a 10% transaction fee.

The post Trump-linked World Liberty Financial transfers $307 million to Coinbase Prime appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin-Backed Loans Good for Altcoins Like Best Wallet Token

Xapo Bank is the latest in a string of financial institutions that have introduced Bitcoin-backed loans for its customers This is yet another good indication that the world is warming towards

North Dakota sets $2,000 daily limit for crypto ATM transactions

North Dakota lawmakers have taken a decisive step toward regulating crypto ATMs, approving a bill imposing a $2,000 daily transaction limit per user On March 18, the state Senate passed House Bill

Bitcoin’s Market Dynamics Shifts As BTC’s Price Gradually Finds Stability In A New Range

Despite the significant volatility in the market, Bitcoin has managed to maintain its position above $80,000 support since it recovered the price level over a week ago As BTC’s price undergoes

FXGuys ($FXG) Gains Popularity Among Celestia And Litecoin Holders Looking For Early-Stage Gems

The post FXGuys ($FXG) Gains Popularity Among Celestia And Litecoin Holders Looking For Early-Stage Gems appeared first on Coinpedia Fintech News The crypto trading market is highly volatile, and

SEC vs. Ripple Over! XRP Skyrockets – $3.50 Next?

The post SEC vs Ripple Over! XRP Skyrockets – $350 Next appeared first on Coinpedia Fintech News SEC vs Ripple | After years of legal battles between the United States Securities and Exchange

How PrimeXBT is Reshaping Trader Engagement with Gamified Rewards

The post How PrimeXBT is Reshaping Trader Engagement with Gamified Rewards appeared first on Coinpedia Fintech News The Crypto market continues to grow and evolve, with over 560 million