World Liberty Financial, a cryptocurrency platform linked to the Trump family, has denied reports that it sold millions of dollars worth of Ethereum at a major loss earlier this week, calling the speculation “completely false.”
“Any allegations that World Liberty Financial sold any of its assets are completely false,” a spokesperson for the company said, adding: “WLFI has not sold any positions as currently reported. Speculation to the contrary is false.”
The denial comes after a wave of reports that the Trump-linked project dumped $8 million in ETH during a volatile market period allegedly triggered by renewed uncertainty around President Donald Trump’s trade policies. The news was based on on-chain data from research firm Arkham, which identified a wallet selling 5,471 ETH on Wednesday, suggesting a possible connection to World Liberty Financial.
Arkham CEO Miguel Morel said in a statement that the wallet in question shared a Coinbase Prime deposit address with verified WLFI wallets, and that this overlap led the firm to classify the address as “closely tied” to the project. However, he clarified that the wallet has not been confirmed as an official World Liberty Financial address. It currently carries Arkham’s “presumed entity” label, which indicates a lower level of certainty and is designed to help investigators identify potential affiliations.
World Liberty did not explain why a wallet not affiliated with the project would use the same deposit address as verified WLFI assets.
If the transaction were confirmed to be from World Liberty, it would mark a significant symbolic shift for the platform, which has positioned itself as closely aligned with Trump’s economic agenda. The company bought the bulk of its Ethereum holdings in December and January, when prices were rising above $3,000 on the back of post-election optimism. By contrast, Ethereum was trading at just $1,465 at the time of the alleged sell-off, representing a major loss.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/donald-trumps-cryptocurrency-project-responds-to-allegations-of-dumping-large-amounts-of-altcoins/