World Liberty Financial (WLFI) Denies Rumors of Ether (ETH) Sale
The decentralized finance project World Liberty Financial (WLFI), supported by the Trump family, today denied rumors regarding its sale of Ether (ETH).
Blockchain data analytics platform Lookonchain noted on Wednesday that a wallet closely associated with WLFI (identified by on-chain intelligence platform Arkham as potentially belonging to WLFI) sold 5,471 Ether at approximately $1,465 each, totaling around $8 million.
However, a WLFI spokesperson stated in a statement to CoinDesk:
According to a previous report by Zombit, WLFI has spent over $300 million to purchase 11 types of tokens, including Ether (ETH), Wrapped Bitcoin (WBTC), TRX, LINK, AAVE, ENA, MOVE, ONDO, SEI, AVAX, and MNT. If WLFI has indeed not conducted any sell-offs, its held assets could currently be experiencing an unrealized loss of over $100 million.
Ether has been declining since last weekend, dropping from around $1,800 to below $1,400 at one point, marking a decrease of up to 23%. As of the publication of this article, Ether’s trading price has slightly rebounded to $1,540.
Last month, the WLFI team completed the sale of its WLFI tokens, successfully raising approximately $590 million, a fundraising amount that places WLFI among the top ten token sales in history.
Related Reports: “Why Did the Trump Family Invest in Cryptocurrency? Trump’s Second Son Reveals the Truth Behind It” “WLFI Supported by the Trump Family Plans to Issue Institutional-Level Stablecoin USD1, with Reserves Custodied by BitGo”
