World Liberty Financial project, supported by Donald Trump, transferred a significant amount of its crypto assets to the Coinbase Prime platform. The transfer included over 90% of the project’s treasury, consisting of assets such as Ethereum (ETH), Wrapped Bitcoin (WBTC), Aave (AAVE), Ena (ENA), and Chainlink (LINK). Prior to these transfers, World Liberty Financial had announced no intention to sell its assets, presenting these transfers as part of its treasury management and business operations. Meanwhile, Trump’s proposal to create a new national wealth fund raised speculations about the possible addition of Bitcoin and Ethereum to this fund. Before these transfers, World Liberty Financial held around $175 million in Ethereum, the project’s largest asset. Additionally, $30 million of the project’s assets were allocated to Aave, Ena, and Chainlink. Interestingly, the only major asset remaining untouched in the project’s treasury is Tron (TRX). Following these transfers, World Liberty Financial began receiving small Ethereum deposits. Some of these deposits are even just a few dollars and originate from new or inactive addresses. After these changes, the price of Ethereum, which had previously decreased due to Trump’s tariffs, saw a 50% reversal and crossed $2,800. It’s worth mentioning that during the price drop, some whales accumulated Ethereum, indicating their confidence in the price rebound. Additionally, Eric Trump announced on Platform X that now is a good time to buy Ethereum. Despite these changes, World Liberty Financial still holds $96.62 million in assets in its 9 recognized wallets.
Discover the secrets behind Trump's DeFi project draining its treasury. Learn about the significant crypto asset transfers and their impact on Ethereum's price.