rewrite this title Donald Trump-linked DeFi project clarifies $60 million ETH movement amid sell-off speculation

World Liberty Financial (WLFI), a DeFi initiative linked to US President-elect Donald Trump, has addressed concerns about recent Ethereum transactions worth $60 million.

On Jan. 15, the project clarified that the movements are part of its routine treasury management, dispelling speculations of asset sales.

It stated:

“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.”

These comments come from the blockchain analysis platform Lookonchain, which revealed a series of high-value transfers by WLFI.

According to the platform, the DeFi project converted 103 Wrapped Bitcoin (WBTC), valued at $9.89 million, into 3,075 Ethereum (ETH). It then deposited 18,536 ETH, worth nearly $59.8 million, into Coinbase. Afterward, WLFI spent $1.7 million in Tether (USDT) to acquire 17.62 WBTC at $96,491 per token.

These transactions followed the project’s recent accumulation of several DeFi tokens, including Aave, Chainlink, and Ondo. However, Lookonchain noted that WLFI has incurred a $5 million loss from its recent asset allocations.

Meanwhile, data from Arkham Intelligence shows that WLFI’s wallet holds approximately $16.7 million in various assets at press time.

What next for WLFI?

This activity marks WLFI’s first significant transaction since December when it expanded its portfolio with a range of DeFi tokens. It also followed the approval of a community-backed proposal to launch a custom Aave v3 instance for its platform.

Despite this progress, the project has maintained a low profile on social media, offering few updates.

World Liberty Financial envisions itself as a DeFi hub where users can lend, borrow, and invest in digital assets.

While the project initially sought to raise $300 million during its token sale, it scaled back its target to $30 million after facing fundraising challenges. This goal was achieved with support from crypto investor Justin Sun.

Following Trump’s November election victory, the project experienced an 81% surge in token profits, now totaling $80.2 million, according to Dune Analytics data.

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