World Liberty Financial, a decentralized finance (DeFi) project backed by former U.S. President Donald Trump, has transferred approximately $307 million worth of digital assets to Coinbase Prime. Blockchain data from Spotonchain reveals that the transaction involved over 90% of the project’s multi-asset treasury, including large holdings in Ethereum (ETH), Wrapped Bitcoin (WBTC), and other cryptocurrencies like AAVE, ENA, and LINK.
World Liberty Financial (@worldlibertyfi) moved $307.41M in 8 assets to #CoinbasePrime 6 hours ago—as part of treasury management and business operations.
— Spot On Chain (@spotonchain) February 4, 2025
Shortly after, the project unstaked 19,423 $stETH to $ETH and further spent 5M $USDC to buy 1,826 $ETH at $2,738.… https://t.co/Rp9NAFUs5N pic.twitter.com/5bfIvJma7U
Massive Treasury Transfers Raise Questions
World Liberty Financial’s decision to shift a substantial portion of its treasury to the top crypto exchange has raised speculation within the crypto community. The transfers, completed in 13 separate transactions ranging from $4 million to $95 million, reduced the project’s total holdings from $363 million to approximately $33 million.
Despite the significant movement of funds, the DeFi project took to social media platform X to clarify that it had no immediate plans to liquidate its crypto holdings. Instead, the transfers were described as part of “treasury management and business operations.”
Trump’s Sovereign Wealth Fund and TRX Holdings
The timing of these transfers coincides with President Trump’s proposed Sovereign Wealth Fund, which has fueled speculation about the potential inclusion of Ethereum and Bitcoin in its asset portfolio. Interestingly, while World Liberty Financial liquidated most of its treasury holdings, it retained a significant position in TRX, the native token of the Tron blockchain.
Justin Sun, the founder of Tron, initially invested $30 million in the project before increasing his stake to $75 million. Sun also joined as an advisor, which may explain why TRX remained untouched in the latest round of asset transfers.
Ethereum Price Volatility and Market Sentiment
Following the transfers, ETH experienced sharp price swings, initially dropping due to economic concerns linked to Trump’s trade policies before rebounding by 50%, surpassing $2,800. Analysts note that $2,800 serves as a critical support level, and whale activity—including accumulation by a prominent entity known as “7 Siblings”—suggests confidence in Ethereum’s recovery.
Eric Trump also weighed in on the situation, posting on X that the recent ETH price dip presented a buying opportunity. Meanwhile, despite the treasury shift, World Liberty Financial still holds approximately $96.62 million in assets across nine known wallets.
In my opinion, it’s a great time to add $ETH.
— Eric Trump (@EricTrump) February 3, 2025
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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