CryptoFrontNews
--
World Liberty Financial Offloads ETH Holdings Amid Market Volatility
World Liberty Financial slashes ETH holdings, liquidating over $175M, sparking concerns about its treasury strategy.
On-chain activity raises red flags as small ETH deposits from unknown wallets hint at possible hidden financial maneuvers.
ETH rebounds 50% despite market turmoil, with Trump’s son fueling speculation as World Liberty offloads assets.
World Liberty Financial recently transferred $307.41 million in crypto assets to Coinbase Prime. The transactions, part of its treasury management, involved unstaking 19,423 stETH for ETH. Shortly after, the project used $5 million USDC to purchase 1,826 ETH at $2,738. However, it remains unclear why the protocol liquidated its ETH, which was previously its largest treasury asset.
Massive ETH Sell-Off Raises Concerns
In a striking move, World Liberty Financial executed 13 ETH transactions totaling over $175 million. The transactions ranged from $95 million to as low as $4 million. Consequently, its ETH holdings plummeted to just $82,000. Before these moves, ETH was the protocol’s dominant treasury asset. The abrupt liquidation led to speculation about potential selling pressure on the market.
Besides ETH, the project offloaded its AAVE, ENA, and LINK holdings worth around $30 million. It followed a similar pattern by transferring the assets through multiple anonymous addresses before reaching Coinbase. However, World Liberty retained its TRX holdings, which stemmed from a $75 million investment by Justin Sun, who serves as an advisor.
Unusual On-Chain Activity Raises Eyebrows
Interestingly, the protocol has been receiving small ETH deposits from inactive or newly created addresses. These wallets have prior transactions with major exchanges like Binance, KuCoin, and Upbit. This activity has raised questions about its treasury strategy and whether these transactions aim to mask certain financial maneuvers.
ETH, which initially suffered losses due to market turbulence triggered by U.S. President Donald Trump's new tariffs, rebounded sharply. The asset surged by 50%, surpassing $2,800. Amid these price movements, Trump’s son Eric posted on X, hinting that it was a prime opportunity to buy ETH. His statement coincided with the protocol’s transfers to Coinbase.
Uncertainty Surrounds Future Treasury Moves
World Liberty’s total crypto holdings now stand at $33 million, marking a dramatic 90% decline from its earlier $363 million treasury. Notably, its involvement in a reported token-swapping scheme has further fueled speculation. Although the team has denied such claims, concerns persist regarding its financial operations and the motivation behind these significant asset movements.
On-chain activity raises red flags as small ETH deposits from unknown wallets hint at possible hidden financial maneuvers.
ETH rebounds 50% despite market turmoil, with Trump’s son fueling speculation as World Liberty offloads assets.
World Liberty Financial recently transferred $307.41 million in crypto assets to Coinbase Prime. The transactions, part of its treasury management, involved unstaking 19,423 stETH for ETH. Shortly after, the project used $5 million USDC to purchase 1,826 ETH at $2,738. However, it remains unclear why the protocol liquidated its ETH, which was previously its largest treasury asset.
Massive ETH Sell-Off Raises Concerns
In a striking move, World Liberty Financial executed 13 ETH transactions totaling over $175 million. The transactions ranged from $95 million to as low as $4 million. Consequently, its ETH holdings plummeted to just $82,000. Before these moves, ETH was the protocol’s dominant treasury asset. The abrupt liquidation led to speculation about potential selling pressure on the market.
Besides ETH, the project offloaded its AAVE, ENA, and LINK holdings worth around $30 million. It followed a similar pattern by transferring the assets through multiple anonymous addresses before reaching Coinbase. However, World Liberty retained its TRX holdings, which stemmed from a $75 million investment by Justin Sun, who serves as an advisor.
Unusual On-Chain Activity Raises Eyebrows
Interestingly, the protocol has been receiving small ETH deposits from inactive or newly created addresses. These wallets have prior transactions with major exchanges like Binance, KuCoin, and Upbit. This activity has raised questions about its treasury strategy and whether these transactions aim to mask certain financial maneuvers.
ETH, which initially suffered losses due to market turbulence triggered by U.S. President Donald Trump's new tariffs, rebounded sharply. The asset surged by 50%, surpassing $2,800. Amid these price movements, Trump’s son Eric posted on X, hinting that it was a prime opportunity to buy ETH. His statement coincided with the protocol’s transfers to Coinbase.
Uncertainty Surrounds Future Treasury Moves
World Liberty’s total crypto holdings now stand at $33 million, marking a dramatic 90% decline from its earlier $363 million treasury. Notably, its involvement in a reported token-swapping scheme has further fueled speculation. Although the team has denied such claims, concerns persist regarding its financial operations and the motivation behind these significant asset movements.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.