The Donald Trump-affiliated decentralized finance (DeFi) project World Liberty Financial (WLFI) has moved nearly $60 million worth of Ethereum (ETH).
The crypto tracker Lookonchain notes World Liberty deposited 18,536 ETH worth $59.8 million into Coinbase Prime on Tuesday.
The DeFi project noted on Tuesday that it was executing “routine movements” of its crypto holding 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.”
The DeFi project currently holds $17.2 million worth of digital assets, according to the crypto data platform Arkham.
World Liberty notes in the fine print on its website that the second-term President-elect is not an officer, director, founder, or employee of the firm or any of its affiliates, but the company does list Donald Trump as its “Chief Crypto Advocate.” World Liberty’s website also states that Trump may receive tokens and a large chunk of the net protocol revenues.
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