- World Liberty Financial (WLF) is reported to have moved $47.34 million worth of Ethereum (ETH) to Coinbase as part of the routine adjustment of its crypto holdings.
- According to WLF, this initiative is not meant to liquidate the asset but to maintain a strong and secure treasury.
Donald Trump’s family crypto project, World Liberty Financial (WLF), triggers speculation as it moves a staggering 75% of its total Ethereum (ETH) holdings to Coinbase. According to on-chain data, 14,611 ETH ($47.34 million) was transferred at an average price of $3,240.
Investigating this activity, CNF observed that the movement was done in batches, with the most recent transfer valued at $3.46 million. Prior to that, an amount of $27.6 million worth of ETH was transferred to Coinbase, followed by two separate transactions worth $2.76 million each. Despite these significant transfers, WLF still holds 5,111 ETH ($17.12 million).
Looking at the current price action, it is obvious that these transfers have not significantly affected the market as ETH only declined to $3,403 from its daily high of $3,412. Meanwhile, the asset marginally lost 1.18% of its 24-hour trading volume as $27 billion changed hands at press time.
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World Liberty Financial (WLF) Explains the Recent Transfers
Briefing the crypto community on its recent transfers, World Liberty Financial explained that this move is part of the routine adjustment of its crypto holdings. Specifically, this forms part of its treasury management as well as payment of fees and expenses to fit into the working capital requirement, as earlier reported by CNF.
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.
On December 12, 2024, WLF made a major move in the crypto industry by spending $12 million in USDC to purchase ETH, Chainlink (LINK), and Aave (AAVE). According to the news reported by CNF, WLF spent $10 million on 2,631 ETH. In addition, a total of $2 million was used to buy 41,335 LINK and 3,357 AAVE.
Reports also estimated that WLF had spent $500,000 on synthetic dollar protocol Ethena (ENA) and $250,000 on ONDO. In December, WLF also swapped 102.9 cbBTC ($10.4 million) for 103.15 WBTC, per a CNF report.
Justin Sun Invests in WLF
Prior to these purchases, Tron founder Justin Sun announced on X that he had become the largest shareholder of the project by investing $30 million in the tokens.
We are thrilled to invest $30 million in World Liberty Financial World Liberty Financial as its largest investor. The U.S. is becoming the blockchain hub, and Bitcoin owes it to Donald Trump! TRON is committed to making America great again and leading innovation. Let’s go!
Analysts have highlighted that WLF could be in line for a massive gain as ETH could surpass $10,000 this year. For Bitwise analysts, ETH could certainly hit $7000 before the end of the cycle.
