Trump’s World Liberty Financial denies the sale of Ethereum

A spokesperson for World Liberty Financial, the DeFi project backed by the Trump family, denied Arkham’s data on its sale of Ethereum (ETH). Meanwhile, the crypto is in a price dump of -13% in the last seven days. 

World Liberty Financial of Trump denies having sold Ethereum and refutes Arkham

According to what reported, it seems that a spokesperson for World Liberty Financial (WLFI) denied having sold Ethereum (ETH), contrary to what was stated by Arkham.

In practice, on Wednesday, April 9, the blockchain data company Arkham reportedly signaled a sale of 8 million dollars in ETH from a wallet potentially belonging to the WLFI project. Specifically, the on-chain data indicated a sale of 5,471 ETH. 

As is now known, WLFI is the DeFi project supported by the family of the President of the USA, Donald Trump. 

In any case, the spokesperson for the project denied the Arkham data, stating the following:

“The claims that World Liberty Financial has sold any of its holdings are completely inaccurate. WLFI has not sold any position as currently reported. Speculations to the contrary are false.”

World Liberty Financial of Trump and the sale of Ethereum: Arkham’s data

On Arkham’s X profile, a few hours ago, another post was published concerning WLFI:

“ARKHAM ALERT: WORLD LIBERTY FI MOVES FUNDS. World Liberty Fi has just moved $775,000 from its main wallet to the wallet it usually uses for purchasing altcoins.”

This time the alarm on World Liberty Financial does not concern any sale of ETH, but only a transaction that moves $775,000 from the main wallet to the one usually used for new crypto purchases. 

In any case, in this same week, World Liberty Financial had announced its first airdrop for the holders of the WLFI token. This airdrop involves the free distribution of the stablecoin USD1 to all holders of WLFI.

The price of ETH

At the time of writing, ETH is worth $1572, in a dump of -13% compared to a week ago. Yet, something happened during this same week.

In fact, after the alleged sale on Wednesday, the price of ETH had risen to $1,465, reaching yesterday the price of $1,682. 

For the crypto of smart contracts par excellence, returning to its price highs seems like a strenuous endeavor. 

ETH is still very, very far from its ATH reached in November 2021, above $4,600.