World Liberty Financial (WLFI), a blockchain initiative endorsed by President-elect Donald Trump, made significant movements of $61.4 million worth of Ethereum within 24 hours, according to data from Arkham Intelligence. The transactions, part of what WLFI described as “routine treasury management,” saw the funds distributed across multiple wallets, including Coinbase Prime.
The company clarified in a statement on X that no tokens were sold, emphasizing that the transactions were aimed at managing operational expenses, fees, and working capital needs.
Ethereum Transfers and Bitcoin Swaps
The blockchain data revealed additional notable transactions by WLFI’s wallet. This included:
- Swapping $10M in Wrapped Bitcoin (WBTC): WLFI traded 103 WBTC for 3,075 ETH.
- Sending $59.8M in Ethereum: These funds were transferred to Coinbase Prime and other wallets.
- Buying 17.62 WBTC: Using $1.7 million in Tether (USDT), WLFI purchased WBTC at an average price of $96,490.
At its peak in mid-December, the project’s wallet held $83 million. However, the balance has since dropped to $17 million due to these strategic moves.
Long-Term Investment Strategy
Despite a decrease in wallet holdings and $4.8 million in unrealized losses, WLFI maintained a long-term investment approach. The losses stem from volatility in its portfolio, which includes Ethereum, WBTC, Aave (AAVE), and Chainlink (LINK). WLFI’s decision not to sell its assets suggests confidence in its long-term vision despite challenging market conditions.
Collaboration with Ethena Labs
Beyond treasury management, WLFI continues to expand its ecosystem. In a recent partnership with Ethena Labs, WLFI integrated the sUSDe stablecoin into its Aave protocol system. This stablecoin is backed by borrowed Bitcoin and held on Ethereum, showcasing WLFI’s innovative approach to diversifying its offerings and strengthening its ecosystem.
