World Liberty Financial (WLFI), a DeFi initiative linked to US President-elect Donald Trump, has responded to concerns over recent Ethereum transactions worth $60 million.
On January 15, the project clarified that these movements were part of its routine cash management, thus dispelling speculation about the sale of assets.
He declared:
“To be clear, we are not selling tokens: we are simply repurposing assets for ordinary business purposes. These actions aim to contribute to maintaining a solid, secure and efficient cash flow. No need to speculate: this is standard practice for operations management at WLFI. »
These comments come from blockchain analytics platform Lookonchain, which revealed a series of high-value transfers made by WLFI.
According to the platform, the DeFi project converted 103 Wrapped Bitcoin (WBTC), worth $9.89 million, into 3,075 Ethereum (ETH). He then deposited 18,536 ETH, worth almost $59.8 million, into Coinbase. Subsequently, WLFI spent $1.7 million in Tether (USDT) to acquire 17.62 WBTC at $96,491 per token.
These transactions follow the project’s recent accumulation of several DeFi tokens, including Aave, Chainlink, and Ondo. However, Lookonchain noted that WLFI suffered a $5 million loss following its recent asset allocations.
Meanwhile, data from Arkham Intelligence shows that WLFI’s portfolio contains approximately $16.7 million in miscellaneous assets at the time of publication.
What future for WLFI?
This activity marks WLFI’s first significant transaction since December, when it expanded its portfolio with a range of DeFi tokens. This also follows the approval of a community-backed proposal to launch a custom Aave v3 instance for its platform.
Despite this progress, the project has remained quiet on social media, offering few updates.
World Liberty Financial considers itself a DeFi hub where users can lend, borrow and invest in digital assets.
While the project initially sought to raise $300 million in its token sale, it reduced its goal to $30 million after encountering fundraising difficulties. 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, now totaling $80.2 million, according to data from Dune Analytics.
