World Liberty Financial (WLFI), a financial crypto project associated with US President Donald Trump, has transferred a large number of cryptocurrency assets worth $316 million to the Coinbase Prime platform, which allows storing, buying, and investing assets.
Among the cryptocurrencies: 73,783 Ethereum (ETH) worth $212 million and 552 Wrapped Bitcoin (WBTC) — worth $52.7 million. In addition, Chainlink (LINK), Aave (AAVE), Ethena (ENA), Movement (MOVE), Ondo (ONDO), and USD Coin (USDC) were transferred. Thus, the total value of WLFI’s cryptocurrency assets decreased by 90% — to $33 million. According to WLFI, these transfers were part of treasury management and business operations.
«To be clear, we are not selling tokens — we are simply redistributing assets for normal business purposes», — the official message.
The move has sparked discussion in the cryptocurrency community, especially given the project’s connection to Donald Trump and his family. Some have also speculated that WLFI may be planning to create a stablecoin or other financial products using its substantial ETH holdings as collateral. Interestingly, WLFI has recently acquired a lot of Ether: 3,191 ETH ($10 million) and 1,826 ETH ($5 million) most recently. ETH accounted for more than 61% of total assets (worth approximately $220 million).
Something is clearly happening around Ethereum. The day before, on February 3, Eric Trump wrote: «Now is a great time to add ETH». But interestingly, the message contained one more sentence at the end, which Eric later deleted for some reason: «You will thank me later».
On the same day, the entrepreneur and one of the heads of the «Department of Government Effectiveness» (D.O.G.E.) Vivek Ramaswamy wrotethat ETH will be included in the of the US strategic crypto reserveDeFi app WLFI is being created on Ethereum, Deutsche Bank and UBS are experimenting with L2 on Ethereum, Eric Trump is «bullish» on ETH, and, in general, all roads lead through Ethereum.
Other interesting things: US Congressman William Timmons he added to the description of your profile in X .eth.
As you can see, the Trump family and allies are actively sewing
Promotion of cryptocurrency by popular individuals with a financial stake. ETH.
The Ethereum network’s native token has become one of the cryptocurrencies that has suffered a significant drop as a result of the recent turmoil in the crypto market, triggered by US President Donald Trump’s decision to impose duties on goods from Canada, China, and Mexico (the decision on the latter country was postponed for a month). However, today the token has made a 180-degree turn and is now trading above $2800.
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