The post World Liberty Financial Moves $38.4M In ETH To Coinbase Prime appeared on BitcoinEthereumNews.com.

A wallet associated with the Trump family’s World Liberty Financial project executed several large cryptocurrency transactions on January 15, 2025. Approximately $10 million worth of Wrapped Bitcoin (WBTC) was converted into Ethereum and USDT. According to blockchain analytics firm Arkham, the transactions included exchanging 103.15 WBTC for 3,075.20 ETH ($9.92 million) and 16.62 WBTC for $1.7 million USDT through Cow Protocol. Following these exchanges, a substantial transfer of 11,917.64 ETH, valued at $38.40 million, was moved to Coinbase Prime. World Liberty Financial employs strategic crypto reshuffling The major cryptocurrency movements from World Liberty Financial’s wallet reveal a strategic reshuffling of digital assets. The transactions, executed through Cow Protocol, unfolded in multiple stages. – Advertisement – Initially, the project converted 103.1493 WBTC into 3,075.198 ETH, representing a value of $9.917 million at current market rates. The second conversion was 16.6199 WBTC into 1.7 million USDT. The timing and execution of these trades suggest careful consideration of market conditions and liquidity management. By using Cow Protocol, World Liberty Financial demonstrated sophistication in its trading strategy. The subsequent transfer of 11,917.635 ETH (approximately $38.396 million) to Coinbase Prime marks major asset movement to a centralized platform. This transfer could indicate preparation for further trading activities or potential liquidation of positions through an institutional-grade service provider. History of World Liberty Financial Since its inception, WLFI has shown traction, notably raising $220 million within the first hour of its token sale. As per the project’s token structure, 63% of tokens aremallocated for public sale, creating a broad base of token holders. The remaining distribution includes 17% designated for user rewards to incentivize platform engagement. 20% is for team compensation to ensure ongoing development and operational stability. This allocation strategy aims to balance community ownership with sustainable project development. The project has been systematically diversifying its…

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Filed under: News - @ January 15, 2025 1:30 pm