The crypto platform World Liberty Financial (WLFI) has denied reports of selling Ethereum worth over $8 million, which emerged amid market panic. These rumors arose following the publication of data from analysts at Arkham Intelligence, indicating a potential sale of 5,471 ETH.
This is reported by Business • Media
WLFI representatives, who have ties to the family of U.S. President Donald Trump, emphasized that no sale of their assets has occurred. They stated:
“The claim that World Liberty Financial sold part of its assets is completely false. We have not sold any positions as reported. All contrary information is merely speculation.”
Despite this, data from Arkham Intelligence suggests that a wallet associated with WLFI exhibited activity coinciding with the market downturn due to uncertainty in Trump’s trade policies. The wallet in question uses the same Coinbase Prime deposit address as the official WLFI addresses.
The CEO of the on-chain wallet tracking service, Miguel Morel, noted that this wallet is classified as a “predictable object,” which does not provide a high level of confidence in its connections to WLFI.
If the information about WLFI selling Ethereum at a price of $1,465 per coin were confirmed, the company would have incurred significant losses, as most tokens were purchased in January 2025, when the price exceeded $3,000. It is noted that the company holds cryptocurrency assets totaling over $21 million.
It is worth mentioning that at the end of March 2025, WLFI planned to launch its own stablecoin, USD1. This plan was criticized by Senator Elizabeth Warren and Congresswoman Maxine Waters, who called on the U.S. Securities and Exchange Commission to disclose information about Trump’s connections to WLFI.