World Liberty Financial (WLFI), a decentralized finance (DeFi) project run by Donald Trump, has moved nearly $60 million worth of Ethereum (ETH).
Crypto tracker Lookonchain memo World Liberty deposited 18,536 ETH worth $59.8 million into Coinbase Prime on Tuesday.
The DeFi project said on Tuesday that it carries out “periodic transfers” of its crypto holdings as part of “regular financial management, paying fees and expenses, and meeting working capital requirements.”
“To be clear, we are not selling tokens, but merely reallocating assets for normal business purposes. There is no need to guess. This is all standard practice for business management at WLFI.
According to the crypto data platform, DeFi projects currently hold $17.2 million worth of digital assets arkham.
freedom of the world memo Although the fine print on the company's website specifies that the second-term president-elect is not an officer, director, founder, or employee of the company or any of its affiliates, the company does refer to Donald Trump as a “chief hypothetical.” “Currency Defender''. World Liberty's website also states that Trump may receive the majority of the tokens and net protocol revenue.
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