US President Donald Trump-backed crypto project World Liberty Financial (WLFI) suddenly sent $307.4 million worth of digital assets to the Coinbase Prime exchange, according to on-chain data.
Market intelligence firm Spot On Chain says World Liberty Financial moved $307.41 million in eight assets to top US crypto exchange Coinbase on Monday.
The World Liberty Financial transfers to the platform include 73,783 Ethereum (ETH) worth $212.6 million at the time and 552.9 Wrapped Bitcoin (WBTC) worth $52.7 million at the time.
While projects often move digital assets to exchanges when they intend to sell them, World Liberty Financial says in a statement that they are not selling off the assets amid the market correction.
“We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements. To be clear, we are not selling tokens – we are simply reallocating assets for ordinary business purposes. These actions are intended to be part of maintaining a strong, secure, and efficient treasury. No need to speculate – this is all standard practice for managing operations at WLFI.”
Blockchain “de-anonymizing” platform Arkham reports that World Liberty Financial now holds just $33.4 million worth of digital assets, including $15.1 million USDC, $9.16 million Tron (TRX) and $5 million staked Ethereum (stETH).
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Credit: Source link
