World Liberty Financial (WLFI), a DeFi initiative linked to US President-elect Donald Trump, has addressed concerns over recent Ethereum transactions worth $60 million.
On January 15, the project clarified that the moves were part of its routine cash management, dispelling speculation about asset sales.
It declared:
“To be clear, we do not sell tokens – we simply redistribute assets for ordinary business purposes. These actions are intended as part of maintaining a strong, secure and efficient treasury. There is no need to speculate: this is all standard practice for managing operations at WLFI.”
These comments come from the blockchain analytics platform Lookonchain, which revealed a series of high-quality transfers by WLFI.
According to the platform, the DeFi project converted 103 Wrapped Bitcoin (WBTC), worth $9.89 million, into 3,075 Ethereum (ETH). It then deposited 18,536 ETH, worth almost $59.8 million, into Coinbase. Afterwards, WLFI spent $1.7 million on Tether (USDT) to acquire 17.62 WBTC at $96,491 per token.
These transactions followed the project’s recent accumulation of several DeFi tokens, including Aave, Chainlink, and Ondo. However, Lookonchain noted that WLFI has incurred a $5 million loss from its recent asset allocations.
In the meantime, facts from Arkham Intelligence shows that WLFI’s wallet contains approximately $16.7 million in various assets at the time of writing.
What’s next for WLFI?
This activity marks WLFI’s first significant transaction since December, when it expanded its portfolio with a range of DeFi tokens. It also followed the approval of a community-supported organization proposal to launch a custom Aave v3 instance for its platform.
Despite this progress, the project has maintained a low profile on social media with few updates available.
World Liberty Financial sees itself as a DeFi hub where users can lend, borrow, and invest in digital assets.
While the project initially sought to raise $300 million in the token sale, it scaled back its target to $30 million after facing fundraising challenges. This goal was achieved with the support of crypto investor Justin Sun.
Following Trump’s election victory in November, the project saw an 81% increase in token profits, which now total $80.2 million, according to Dune Analytics. facts.
