World Liberty Financial’s cryptocurrency platform for the Trump family has dismissed reports that it sold millions of dollars worth of Ethereum at a huge loss earlier this week, calling them “totally inaccurate.”
The claims by World Liberty Financial to have sold off any of their holdings is completely false, a representative from the company said. Decrypt Thursday. As reported, “WLFI did not sell any positions.” “Any speculation to the contrary, is false.”
Reports circulated yesterday that the project had sold $8,000,000 worth of ETH, at a substantial loss. This was in the midst of the market turmoil caused by the fluctuating tariff policies of President Donald Trump.
Arkham is a firm that provides on-chain intelligence. tagged a wallet—that The following are some of the ways to improve your own ability. appear to sell off 5,471 ETH on Wednesday—as potentially associated with the Trump-backed enterprise.
Arkham CEO Miguel Morel told Decrypt It was discovered by the intelligence company that the wallet shares an address for Coinbase Prime with World Liberty addresses that have been verified. As a result, the firm labelled it “closely related” or at the least “connected”. World Liberty representatives didn’t immediately answer when asked about the reason behind an address. You can also check out our other blog posts. There would be a shared deposit address between wallets that are affiliated with WLFI.
Morel did emphasize, however, that the wallet has not been verified as officially belonging to World Liberty, and instead currently holds the label of “predicted entity” on Arkham—a designation with “a lower confidence interval" that is used to “help researchers find these types of connections and get better clues.”
If World Liberty had made the sales in reality, it would have been a significant loss to the Ethereum DeFi project. World Liberty purchased the majority of its huge ETH store in The month of December is a time for celebration. You can also find out more about the following: FebruaryThe asset price rose well over $3,000 after the election euphoria.
On Wednesday, after the World Liberty wallet Arkham sold millions in ETH the price of the token had plummeted to $1.465 each.
The real value of the trade, if World Liberty was able to make it, is likely more symbolic rather than financial.
World Liberty Hold onto your hats Crypto worth hundreds of millions. The project would not have been in danger if the trade had lost $8 million.
Trump’s platform, however, has positioned itself as in Lockstep With the president’s economic policies and vision for the nation. At the height of panic over Trump’s global threats, Bitmain began to liquidate its crypto assets. Trading war This would have made the story more complicated.
