Usually after the pump of a meme coin comes a downtrend. That’s what happened with Trump Coin, and today I see it going even more down. KEEP AN EYE ON SHORT POSITIONS 😉💸🤑. $TRUMP #notfinancialadvise #trumpcoin
False news. You can see on X's account of WLF that they did not sell their positions in eth. It was just a strategic move.
CryptoFrontNews
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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.
$XRP XRP I suspect that within 2 years, you won't even be able to buy XRP anymore. XRP was designed to be a bridge currency and not to be bought and sold on exchanges. Once Ripple wins the SEC lawsuit, you'll start to see its price increase significantly; as it will be the only currency that is considered not to be a security and it will have legal clarity that will allow for broad adoption by US financial institutions. Shortly after that, I believe Ripple will no longer release XRP from custody to retail exchanges, even if they relist XRP on their exchanges. It will only be released for on-demand liquidity purposes for financial institutions. However, before retail investors are shut out, I think this can easily exceed the US$ 150 mark. My only concern is how will the buyback from retail investors be handled when we can no longer buy it on exchanges; because the end use of XRP is to be a stablecoin used in the XRP Ledger as a bridge currency between all digital assets, including all digital fiats. It has been calculated that once fully adopted as a global bridge currency, it will cost approximately $$ 35,000 to $$ 50,000 per XRP coin. Of course, we won’t see these extremely high prices by the time we are delisted without collective action