World Liberty Financial Offloads ETH, WBTC To Coinbase, What’s Happening?

World Liberty Financial, a decentralized finance (DeFi) project backed by U.S. President Donald Trump, has moved a substantial portion of its cryptocurrency holdings to Coinbase Prime. Blockchain data indicates the transfer involved more than 90% of its multi-asset treasury, including large amounts of Ethereum (ETH) and Wrapped Bitcoin (WBTC), as well as positions in AAVE, ENA, and LINK.

World Liberty Financial Moves $307M in Crypto to Coinbase

On-chain data from Spotonchain reveals that World Liberty Financial transferred approximately $307 million worth of digital assets to Coinbase Prime. The transactions were part of what the project described as “treasury management and business operations.”

The assets moved included ETH, WBTC, and other cryptocurrencies previously held in the project’s treasury. The transfers occurred in 13 separate transactions, ranging from $4 million to $95 million. After these transactions, World Liberty Financial’s total holdings dropped from $363 million to around $33 million.

Before the large crypto transfers to the top crypto exchange, World Liberty Financial stated on X that Trump’s DeFi project was not planning to sell its crypto holdings.

The DeFi project added,

“We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements. To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes.”

Meanwhile, President Donald Trump’s newly proposed Sovereign Wealth Fund has sparked speculation about the inclusion of Ethereum and Bitcoin as part of its asset portfolio.

Treasury Holdings Drop by 90% Following Transfers

Notably, World Liberty Financial held approximately $175 million worth of ETH, making it the largest asset in its treasury before the transfers. The project also moved holdings in AAVE, ENA, and LINK, collectively valued at around $30 million. Each transaction was executed through multiple intermediary addresses before reaching Coinbase.

The only major asset that remained untouched in the treasury was TRX, which the project had acquired after an investment from Justin Sun. The Tron founder initially invested $30 million and later increased his stake to $75 million, also joining as an advisor.

Following the transfers to Coinbase, blockchain data showed that World Liberty Financial began receiving a series of small ETH deposits. These deposits, some as low as a few dollars, originated from newly created or inactive addresses.

ETH Price Volatility and Eric Trump’s Comments

Ethereum experienced sharp price fluctuations in response to market conditions. ETH initially faced downward pressure due to economic concerns tied to President Trump’s trade tariffs but rebounded 50% in a reversal, surpassing $2,800.

It is important to note that the $2,800 ETH price level is a key support, and Ethereum has shown signs of recovery after recent volatility. Large investors, including whales like 7 Siblings, have accumulated ETH, suggesting confidence in a rebound.

Amid the market movement, Eric Trump posted on X, suggesting it was a favorable time to buy Ethereum during the recent market dip.

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

— Eric Trump (@EricTrump) February 3, 2025

Despite the large treasury shift, World Liberty Financial still holds approximately $96.62 million in assets across nine known wallets.