The Trump family backed DeFi project, World Liberty Fi (WLFI) has confirmed that it has not sold any ETH after various onchain analysts claimed that the firm offloaded over $8 million worth of ETH.
Known for its aggressive DeFi push, World Liberty Fi is making waves in crypto space with its direct connection to the U.S. President Donald Trump. However, a recent post from Lookonchain revealed that a wallet linked to World Liberty Fi has sold nearly 5,471 ETH – worth approximately $8.1 million at the time – at a price of $1,465.30 on 9 April.
While replying to this claim, a spokesperson from World Liberty Financial confirmed that they have not sold any of its holdings and the claim is wholly inaccurate. “WLFI has not sold any positions as currently reported. Speculation to the contrary is false,” they said.
On Arkham – a blockchain intelligence platform – the wallet is marked with “World Liberty Fi?” tag, which means that it potentially belongs to the firm but as the firm is confirming no selling, the wallet is now seen as a separate entity.
Since its inception, World Liberty Fi has acquired 67,498 ETH for approximately $210 million in multiple transactions over time. On this holding, the firm is currently sitting with a loss 40%, amounting to nearly $125 million.
Also read: US President Donald Trump Signs Bill to Kill IRS DeFi Rule
