World Liberty Financial offloaded ETH and WBTC to Coinb, what happened?

Click on the avatar live to watch live and catch the bull market dynamics

World Liberty Financial transferred $307 million worth of cryptocurrency to Coinb, reducing its treasury holdings by 90%. ETH and WBTC are among the assets transferred.

Highlights

World Liberty transferred $307 million worth of cryptocurrency (including ETH and WBTC) to Coinbase through 13 transactions. ETH, WBTC, AAVE, ENA, and LINK are among the assets transferred in the 13 transactions. As whales accumulated ETH amid market fluctuations, Ethereum rebounded by 50%, breaking through $2,800.

The decentralized finance (DeFi) project World Liberty Financial, supported by U.S. President Donald Trump, has moved most of its cryptocurrency assets to Coinb Prime. Blockchain data indicates that this transfer involved over 90% of its multi-asset funds, including a significant amount of Ethereum (ETH) and Wrapped Bitcoin (WBTC), as well as positions in AAVE, ENA, and LINK.

World Liberty Financial transferred $307 million in cryptocurrency to Coinb

On-chain data from Spotonchain shows that World Liberty Financial transferred approximately $307 million worth of digital assets to Coinb. These transactions are part of what the project describes as “fund management and business operations.”

The transferred assets include ETH, WBTC, and other cryptocurrencies previously held in the project’s treasury. The transfers were conducted in 13 transactions, with amounts ranging from $4 million to $95 million. After these transactions, World Liberty Financial's total holdings decreased from $363 million to approximately $33 million.

Before the large cryptocurrency transfer to the top cryptocurrency exchange, World Liberty Financial stated on X that Trump’s DeFi project did not plan to sell its cryptocurrency holdings.

Click on the avatar live to watch live and catch the bull market dynamics