Trump’s World Liberty Financial Denies Selling Off Ethereum Stash

The Crypto platform of the Trump family, World Liberty Financial, has denied the project that earlier this week millions were sold to Ethereum with a huge loss, so that reports such as “completely inaccurate” are rejected.

“The claims that World Liberty Financial has sold each of its participations are completely inaccurate,” said a business representative Decrypt Thursday. “WLFI has not sold positions as currently reported. Speculation with the opposite is untrue.”

Yesterday reports circulated that the project sold for $ 8 million to ETH with a considerable loss in the Dik of the Markttumult that was sustained by the oscillating rate policy of President Donald Trump.

The reports quoted data from on-chain intelligence company Arkham, which tagged A wallet – that held appear to sell 5,471 ETH on Wednesday-as possible associated with the company supported by Trump.

Miguel Morel, CEO of Arkham, said Decrypt That the wallet in question shares a Coinbase Prime Deposit address with verified World Liberty addresses, a discovery that led the intelligence company to label it as at least “closely connected” to the project. Representatives for World Liberty did not respond immediately when he was asked why an address not Connected to the project would share a deposit address with other WLFI portfolios.

However, Morel emphasized that the wallet has not been verified as officially belonging to World Liberty, and instead has the label of “predicted entity” on Arkham – an indication with “a lower confidence interval” that is used to help “researchers find these types of connections and better indications”.

If World Liberty in fact had made who had made sales, they would have formed a considerable loss for the budding Ethereum Defi project. World Liberty bought most of his huge ETH stores in December And JanuaryWhen the price of the actively far above $ 3,000 discount after the elections rose euphoria.

By Wednesday, when the wallet Arkham sold to the world of Liberty millions in ETH, the price of actively sold to $ 1,465 per token.

But the actual significance of trade, if the world had made it of Liberty, would probably have been more symbolic than financially.

World Liberty in possession Hundreds of millions of dollars in crypto. A loss of $ 8 million or so with a single ETH trade would not have endangered the project much.

The platform affiliated by Trump, on the other hand, has brought itself on the market as in lockstep With the policy of the president and the economic vision for the country. Starts to sell his crypto reserves at the peak of market panic about the escalating global worldwide Trump host war Would have complicated that story.