World Liberty Financial has transferred $61.4 million worth of Ethereum in the past 24 hours. According to a statement on platform X, the project clarified that the transfers were part of treasury management efforts rather than token sales.
Supported by President-elect Donald Trump, World Liberty Financial made the transfer to multiple wallets, including Coinbase Prime, as per data from Arkham Intelligence. The project emphasized that the reallocation was aimed at covering fees, expenses, and working capital, describing it as a standard operational procedure to ensure a secure and efficient treasury.
In mid-December, the wallet held $83 million, but its current balance stands at $16.7 million. Arkham’s analysis confirms that these transactions align with the project’s operational needs.
Proactive Treasury Strategy
In November, the project, which is a fork of Aave with ties to Trump’s associates, appointed Justin Sun, the founder of Tron, as an advisor. Sun, known for his connection to HTX (formerly Huobi), helped facilitate a $30 million investment in World Liberty Financial, according to on-chain data.
World Liberty Financial has attracted attention due to its influential backers and key partnerships. This substantial Ethereum transfer highlights its focus on maintaining a stable treasury. Despite speculation, the project insists the transfers are routine and not related to any sell-off.
This approach mirrors an emerging trend where crypto projects focus on treasury optimization. By partnering with key industry figures and securing major investments, World Liberty Financial is solidifying its position in the crypto market.
With treasury management at the forefront, the $61.4 million Ethereum transfer reflects the project’s commitment to balancing asset security and operational needs. Although no additional comments have been made, the project’s transparency on social media offers a clear view of its financial practices and ambitions in the crypto space.
