World Liberty Financial Movement

World Liberty Financial, a DeFi protocol backed by Trump, has transferred nearly all its ETH and wrapped Bitcoin (WBTC) from its treasury

Transfers and Transactions

Beginning with three test transactions of $12 around seven hours ago, the team has moved substantial ETH holdings to a Coinbase Prime deposit address. The WBTC transfers involved multiple hops, often passing through decentralized exchange CoW Swap or other intermediary addresses before arriving at a Coinbase hot wallet. Additionally, tens of millions of dollars worth of staked ETH, previously its third-largest holding, were also relocated.

Unknown Reasons

The reason behind the protocol’s ETH transfer remains unclear, especially since it was the largest treasury asset until that morning. Typically, projects move ETH to exchanges when planning to sell.

Curiously, the protocol appears to be receiving small amounts of ETH in dozens of minor transactions—from newly created or relatively inactive addresses with transaction histories linked to exchanges like Binance, KuCoin, and Upbit.

Market Impact

ETH, the native asset of the Ethereum network, suffered significantly due to recent market disruptions caused by U.S. President Donald Trump’s tariffs on several trading partners. However, the token has surged 50% in a reversal, now trading above $2,800, according to The Block’s price tracker.

Eric Trump, the president’s second son, remarked on X at around 5:00 p.m. ET, “In my opinion, it’s a great time to add ETH. You can thank me later,” amidst the transfers to Coinbase.

Holdings Overview

World Liberty completed a series of 13 transactions, offloading all but $82,000 of its ETH, with total crypto holdings just above $33 million—plummeting over 90% from $363 million earlier that day. Previously, the project held over $175 million in ETH, significantly outweighing other assets. Holdings of AAVE, ENA, and LINK, worth approximately $30 million, were also moved using anonymous addresses before arriving at Coinbase.

Notably, World Liberty has not moved its TRX position, acquired after Justin Sun’s investment of $30 million, later raised to $75 million, when he joined as an advisor.

Background and Fundraising

On Inauguration Day, the protocol purchased $112.8 million in various crypto tokens, mainly in blocks of $4.7 million or $47 million, celebrating Trump’s presidency. World Liberty raised $254 million for its token fund just a day before Trump took office, after initially slow WLFI token sales. Recently, Blockworks reported that World Liberty approached other blockchain projects about fee-based token swaps, a claim the team has denied.