- WLFI clarified that its $60M Ethereum transactions were routine treasury management, not token sales.
- Recent moves included converting WBTC to ETH, depositing $59.8M into Coinbase, and acquiring more WBTC, despite a $5M loss.
- WLFI’s token value surged 81% after Trump’s election win, with total profits now at $80.2M.
World Liberty Financial (WLFI), a decentralized finance (DeFi) initiative linked to U.S. President-elect Donald Trump, has recently addressed swirling concerns regarding a series of substantial Ethereum transactions—transactions that, altogether, amounted to a hefty $60 million.
On January 15, the project stepped forward to clear the air, explaining that these movements were nothing more than routine treasury management activities. The statement appeared aimed at quelling any theories suggesting the transactions involved token sales.
Their clarification read as follows:
“Just to set the record straight, we’re not selling tokens here. What we’re doing is reallocating assets—standard stuff, really. These measures are all about maintaining a robust and efficient treasury. No need to overthink it; this is just business as usual at WLFI.”
These remarks were prompted by insights from Lookonchain, a blockchain analysis platform. Lookonchain had earlier disclosed several high-value transfers conducted by WLFI, sparking curiosity across the DeFi community.
Delving into the specifics, Lookonchain noted that WLFI had converted 103 Wrapped Bitcoin (WBTC)—valued at $9.89 million—into 3,075 Ethereum (ETH). Following that, the project deposited a whopping 18,536 ETH (worth nearly $59.8 million) into Coinbase. In a separate move, WLFI also spent $1.7 million in Tether (USDT) to purchase 17.62 WBTC at a rate of $96,491 per token.
Interestingly, these transactions came on the heels of the project acquiring several other prominent DeFi tokens, including Aave, Chainlink, and Ondo. However, Lookonchain pointed out that WLFI’s recent allocation strategies resulted in a $5 million net loss. Ouch.
What’s next for WLFI?
This flurry of activity marks WLFI’s first major financial maneuver since December, when it diversified its portfolio by scooping up a variety of DeFi tokens. Notably, this also coincided with the approval of a community-driven proposal to launch a custom Aave v3 instance on its platform.
Even with these developments, the project’s social media channels have been unusually quiet—updates have been scarce, to say the least. For a venture with ambitions of becoming a central hub for lending, borrowing, and investing in digital assets, the radio silence has left some scratching their heads.
Initially, WLFI had lofty plans to raise $300 million through its token sale. However, after running into some roadblocks, the project adjusted its sights and reduced the target to $30 million—a figure it ultimately reached with the backing of crypto mogul Justin Sun.
Adding to the intrigue, WLFI’s token value skyrocketed by 81% following Trump’s November election win. According to data from Dune Analytics, total profits now stand at a staggering $80.2 million.
The big question, though, remains: Will WLFI’s recent maneuvers set the stage for a resurgence, or is this just a bump in an otherwise unsteady road? Time will tell.
