- World Liberty Financial transferred $61.4M of Ethereum in the last 24 hours.
- The project clarified on X that the transfer is for treasury management and not token sales.
World Liberty Financial, a crypto project supported by President-elect Donald Trump, has moved $61.4 million worth of Ethereum in the past 24 hours. The data, provided by Arkham Intelligence, shows the funds transferred into several wallets, including Coinbase Prime.
The project clarified these movements on X, stating that they were “routine” and part of treasury management. It further explained, “We’re reallocating assets to cover fees, expenses, and working capital requirements. This does not involve token sales but standard business operations to ensure a secure and efficient treasury.”
World Liberty Financial’s wallet previously held $83 million in mid-December. As of now, the balance stands at $16.7 million. Arkham data highlights that these transactions align with the project’s operational needs.
Proactive Treasury Management
In November, the project, an Aave fork linked to Trump’s associates, appointed Justin Sun as an advisor. Sun is the founder of Tron and has close ties to HTX, formerly Huobi. HTX invested $30 million in World Liberty Financial, according to on-chain data.
World Liberty Financial has gained attention for its high-profile backers and strategic partnerships. The recent Ethereum transfer underscores its focus on maintaining a robust treasury. Despite speculation, the project insists these actions are routine.
This move reflects a growing trend of crypto projects optimizing their operations. By partnering with influential figures and securing significant investments, World Liberty Financial continues to make headlines in the crypto space.
With treasury management in focus, the project aims to balance asset security and operational efficiency. The $60 million Ethereum transfer showcases its proactive approach to crypto treasury operations.
World Liberty Financial has yet to comment further on the transfer. However, its transparency on social media provides insight into its practices. The project’s strategic partnerships, including Justin Sun’s advisory role, indicate its ambitions in the crypto ecosystem.
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