World Liberty Financial Denies $8 Million Ethereum Sale

The DeFi project linked to the Trump family, World Liberty Financial (WLF), has denied reports of selling Ethereum worth $8 million. A company representative made this statement to CoinDesk.

On April 9, Arkham specialists reported that a wallet allegedly linked to WLF sold 5471 ETH. The transaction resulted in a loss of approximately $125 million.

“World Liberty Financial has not sold its positions. Speculations on this matter are unfounded,” the project’s official statement reads.

At the time of writing, Ethereum is trading at $1549, having lost 2.8% in value over the past day, according to CoinGecko.

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

On April 7, project representatives released an advisory proposal to distribute a “small” amount of USD1 via airdrop to WLFI token holders.