Trump-Linked World Liberty Financial Moves $350M+ in Crypto

World Liberty Financial (WLFI), a decentralized finance (DeFi) platform linked to former U.S. President Donald Trump and his family moved over $350 million in cryptocurrencies from its multi-signature wallet on Monday. 

According to Arkham Intelligence data, the assets included Ethereum (ETH), Wrapped Bitcoin (WBTC), and other Ethereum-based tokens.

Despite the large transactions, the platform insists it is not selling its holdings, stating that the transfers were part of routine treasury management and operational expenses.

"We are not selling tokens—we are simply reallocating assets for ordinary business purposes," the protocol posted on X (formerly Twitter).

The move comes amid growing scrutiny, with some analysts questioning whether the transfers indicate a potential liquidation of assets.

Crypto Outflows and Exchange Transfers

Based on blockchain data, WLFI's transfers mainly consisted of Ethereum and Wrapped Bitcoin. Smaller amounts of Aave (AAVE), Chainlink (LINK), Ondo (ONDO), Ethena (ENA), and Movement (MOVE)

Most of these assets were sent to unlabeled wallets, but a significant portion of Ethereum was deposited into a wallet labeled Coinbase Prime, a brokerage service for institutional investors. This has fueled speculation that some of the assets could be sold on the exchange.

As of February 2, World Liberty Financial's treasury held over $400 million in crypto, but after the latest transfers, the balance has dropped to around $33 million.

Rumors of Token Swaps and Cashing Out

A report by Blockworks claims that WLFI may be engaging in token swaps with various crypto projects. According to anonymous sources, the protocol is looking to sell at least $10 million worth of WLFI tokens to buy an equivalent amount of another project’s cryptocurrency. This swap reportedly carries a 10% fee.

Despite these claims, WLFI denied any major sell-offs, emphasizing that the transactions align with its long-term strategy.

This is not the first time World Liberty Financial has had to clarify its asset movements. On January 14, the platform reassured its community that it was not selling tokens. Just a week later, it made headlines for purchasing over $100 million in Ethereum and Wrapped Bitcoin—a move that was framed as a celebration of Trump’s potential return to office.

The project continues to conduct an extended token sale, offering WLFI tokens at $0.05 each. Out of a total supply of 100 billion WLFI tokens, 25 billion are set aside for public sale.

Crypto mogul Justin Sun, founder of Tron, has emerged as one of the biggest WLFI investors. In November, he purchased $30 million worth of tokens, later adding $45 million more in January.

Trump Family’s Crypto Ambitions

World Liberty Financial has positioned itself as a pro-Trump DeFi platform, with the former president listed as the Chief Crypto Advocate. His sons, Donald Jr., Eric, and Barron Trump, serve as Web3 Ambassadors for the project.

Eric Trump recently fueled speculation about the family's crypto interests by tweeting:

“In my opinion, it’s a great time to add $ETH.”

He later edited the post to remove "You can thank me later."

Despite its success, World Liberty Financial has faced harsh criticism. Former White House communications director Anthony Scaramucci called it a “scammy grift”, warning that it could damage the legitimacy of the cryptocurrency industry.