World Liberty Financial Denies $8 Million Ethereum Sale Amidst Speculations

The DeFi project World Liberty Financial (WLF), associated with the Trump family, has denied the claims regarding the sale of $8 million worth of Ethereum. A company representative made this clarification to CoinDesk.

On April 9, Arkham specialists reported that a wallet allegedly linked to WLF had sold 5,471 ETH, resulting in an estimated loss of around $125 million.

*»World Liberty Financial has not sold any of its holdings. Speculations on this matter are unfounded,»* the project’s official statement read.

At the time of writing, Ethereum is priced at $1,549, experiencing a 2.8% decline over the past 24 hours, according to CoinGecko.

As a reminder, on March 25, WLF confirmed its plans to launch a dollar-pegged stablecoin, USD1.

On April 7, project representatives published a consultative proposal for an airdrop of a «small» amount of USD1 to WLFI token holders.