Catenaa, Thursday, January 16, 2025 – World Liberty Financial, a crypto project supported by President-elect Donald Trump, moved $61.4 million worth of Ethereum within 24 hours, citing routine treasury management practices.
According to Arkham Intelligence, the funds were distributed across multiple wallets, including Coinbase Prime. The project addressed the activity on social platform X, emphasizing that the transfers were part of ordinary business operations, not token sales.
At its peak in December, the project’s wallet held $83 million. Current balances show approximately $16.7 million, reflecting significant movement in recent months.
The Trump-backed initiative, an Aave fork, garnered attention last November when it announced Tron founder Justin Sun as an advisor. On-chain data revealed that crypto exchange HTX, previously known as Huobi, invested $30 million in the project.
World Liberty Financial’s high-profile backers and strategic partnerships position it as a notable player in the evolving crypto space. However, the recent activity raises questions about its Treasury strategies and future plans.
The project so far has not responded publicly on the issue.
The moves come as cryptocurrency markets experience heightened volatility, leaving observers to watch closely for further developments.
