The post World Liberty Financial Offloads ETH, WBTC To Coinbase appeared on BitcoinEthereumNews.com.

World Liberty Financial, a decentralized finance (DeFi) project backed by U.S. President Donald Trump, has moved a substantial portion of its cryptocurrency holdings to Coinbase Prime. Blockchain data indicates the transfer involved more than 90% of its multi-asset treasury, including large amounts of Ethereum (ETH) and Wrapped Bitcoin (WBTC), as well as positions in AAVE, ENA, and LINK. World Liberty Financial Moves $307M in Crypto to Coinbase On-chain data from Spotonchain reveals that World Liberty Financial transferred approximately $307 million worth of digital assets to Coinbase Prime. The transactions were part of what the project described as “treasury management and business operations.” The assets moved included ETH, WBTC, and other cryptocurrencies previously held in the project’s treasury. The transfers occurred in 13 separate transactions, ranging from $4 million to $95 million. After these transactions, World Liberty Financial’s total holdings dropped from $363 million to around $33 million. Before the large crypto transfers to the top crypto exchange, World Liberty Financial stated on X that Trump’s DeFi project was not planning to sell its crypto holdings. The DeFi project added, “We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements. To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes.” Meanwhile, President Donald Trump’s newly proposed Sovereign Wealth Fund has sparked speculation about the inclusion of Ethereum and Bitcoin as part of its asset portfolio. Treasury Holdings Drop by 90% Following Transfers Notably, World Liberty Financial held approximately $175 million worth of ETH, making it the largest asset in its treasury before the transfers. The project also moved holdings in AAVE, ENA, and LINK, collectively valued at around $30 million. Each transaction was executed through multiple intermediary addresses before…

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Filed under: News - @ February 4, 2025 6:21 am