Trump-Backed DeFi Project Transfers $307 Million in Crypto, Ignites Market Buzz

World Liberty Financial, the decentralized finance project associated with former U.S. President Donald Trump, transferred almost $307 million in various cryptocurrencies to Coinbase Prime on 4th February 2025. One of the key items involved was an ETH transfer valued at $212 million as part of a transaction that includes almost all of that transaction at around 73,783.

Information of the Transfer:

This transaction comprised 13 different transactions of multiple assets. These included the transfer of $52.7 million in Wrapped Bitcoin (WBTC), Chainlink (LINK) valued at $4.7 million, and Aave (AAVE) worth $4.5 million. The other cryptocurrencies were Ethena (ENA) and Movement (MOVE).

Reason for the Transfer

According to World Liberty Financial, these transfers form part of their routine management of their treasury. They therefore had nothing to do with a signal sale of their holdings in crypto.

According to the same source, the movements were rather to handle business expenses, fees, and working capital needs.

After the public announcement, Ethereum's price rose to about $2,900, partly due to interest in the company's future strategy and also speculation. Interest further gained impetus when Eric Trump, son of Donald Trump, tweeted about encouraging people to purchase Ethereum on social media.

Present Crypto Assets

World Liberty Financial's total cryptocurrency assets, after the transfers, dropped from around $363 million to about $33 million. Its largest remaining asset is now a stablecoin, USDC.

Speculations within the Crypto Community

This huge asset transfer has led to a lot of speculations within the crypto community as to what is in store for World Liberty Financial, especially taking into account larger market trends and ongoing developments within the DeFi sector.