Trump-Backed WLFI Shifts $61M Ethereum for Treasury Management

World Liberty Financial (WLFI), a cryptocurrency project backed by President-elect Donald Trump, has moved $61.4 million worth of Ethereum (ETH) in the past 24 hours, according to blockchain analytics firm Arkham Intelligence. The transfer, which included funds moved to Coinbase Prime and other wallets, has sparked speculation within the crypto community.

Routine Treasury Management, Not Token Sales

Addressing the transfers on X, World Liberty Financial clarified that the activity was part of its regular treasury management. The project emphasized that no tokens were being sold, describing the moves as routine reallocation of assets to cover operational costs, fees, and working capital.

“These actions are intended to maintain a strong, secure, and efficient treasury,” WLFI stated. “No need to speculate—this is all standard practice for managing operations at WLFI.”

At its peak in mid-December, WLFI’s wallet reportedly held $83 million. Current data indicates a remaining balance of approximately $16.7 million at the time of reporting, signaling significant movements within a short period.

Growing Influence and High-Profile Partnerships

World Liberty Financial has gained attention for its ties to President-elect Trump and notable crypto figures. In November, the project appointed Justin Sun, founder of Tron, as an advisor. This followed a $30 million investment by HTX, the crypto exchange formerly known as Huobi and closely linked to Sun, as revealed by on-chain data.

Positioned as an Aave fork, WLFI has been described as an innovative venture combining decentralized finance (DeFi) with a high-profile political and business backing. While details on its long-term vision remain sparse, its association with influential figures and significant on-chain activity has placed it under the spotlight.

What This Means for WLFI’s Future

World Liberty Financial’s Ethereum movements underscore the operational intricacies of managing a high-profile crypto project. These actions highlight WLFI’s commitment to maintaining a robust treasury while preparing for its next steps. As partnerships and strategic moves unfold, the crypto world remains eager to see how WLFI capitalizes on its momentum.