World Liberty Financial Denies Ethereum Sale Amid Market Panic

3 Min Read Tags:

  • World Liberty Financial (WLFI) denies selling over $8 million in Ethereum amidst market panic.
  • Speculation arose from Arkham Intelligence data suggesting significant ETH transactions.
  • The wallet in question shares a deposit address with verified WLFI addresses on Coinbase Prime.
  • WLFI affirms no asset sale took place, labeling contrary reports as speculative misinformation.

World Liberty Financial Denies Ethereum Sale Amidst Market Panic

In a recent development, World Liberty Financial (WLFI), closely associated with former U.S. President Donald Trump’s family, has firmly denied rumors of selling Ethereum worth over $8 million amid market panic driven by uncertainties around tariff policies. Speculation about this transaction surfaced after Arkham Intelligence shared data indicating that a wallet allegedly linked to WLFI sold 5,471 ETH during a significant market downturn.

The Crux of the Speculation

The controversy erupted when it was observed that the wallet involved in these transactions utilized the same deposit address on Coinbase Prime as some verified addresses of WLFI. This raised eyebrows and triggered widespread speculation regarding potential asset liquidation by the financial platform.
However, a representative from WLFI categorically refuted these claims, stating: “Assertions that World Liberty Financial sold part of its assets are completely false. We have not sold any positions as reported. All opposite information is mere speculation.”

Insights from On-Chain Analysis

Despite the denials from WLFI, the insights provided by Arkham Intelligence add an intriguing layer to this narrative. Miguel Morel, CEO of Arkham Intelligence’s on-chain wallet tracking service, clarified their classification methodology: they labeled the wallet as a “probable entity”, which indicates lower confidence and serves mainly as a lead for researchers.
This categorization implies potential uncertainty concerning the direct association between WLFI and the said wallet. Meanwhile, representatives from WLFI have not commented on why an unofficial wallet would share an address with verified ones.

Potential Impact on Cryptocurrency Market

The alleged sale would have occurred at approximately $1,465 per ETH during a period of declining asset value—a stark contrast to when WLFI acquired most of its tokens in January 2025 at prices exceeding $3,000. If confirmed, such a transaction would signify nearly an $8 million loss for the project.
Currently holding over $21 million in cryptocurrencies according to Arkham Intelligence data, WLFI remains under scrutiny. Earlier this year, experts at Lookonchain highlighted plans by World Liberty Financial to launch its stablecoin—USD1—drawing criticism from Senator Elizabeth Warren who questioned Trump’s ties with WLFI and urged regulatory oversight via correspondence with the SEC.
In summary, while rumors persist regarding substantial Ethereum sales linked to World Liberty Financial amidst uncertain tariff policy impacts and market volatility—the firm’s staunch denial reflects ongoing complexities within cryptocurrency markets where speculation often intertwines with factual narratives influencing investor perceptions significantly.

TAGGED:
Bitcoin Draws Record Retail Inflows as Experts See $70,000 Support

CryptoQuant said 30-day retail bitcoin inflows to Binance rose from $5.5 billion to a six-month high of $10.75 billion, while whale inflows fell and traders’ $70,000 realized price could support…

4 Min Read
Argentine Court Drops LIBRA Criminal Case Against Javier Milei, 10 Others

An Argentine federal court dismissed the criminal case against President Javier Milei, his sister Karina Milei and nine others over LIBRA’s collapse, finding insufficient evidence of fraud, corruption or other…

5 Min Read
Bitcoin Hits $79,500 Target as Ethereum Faces Pressure Before Fed Meeting

An unnamed trader said a Bitcoin short reached its final $79,500 target, while an October close below $80,000 could open a decline toward $72,500 and $70,000.

6 Min Read
Bank of Israel Criticizes Netanyahu’s Plan to Bypass Sanctions With Cryptocurrencies

Israel’s central bank and opposition politicians criticized Prime Minister Benjamin Netanyahu’s proposal to develop an alternative economic system, potentially using cryptocurrencies, to avoid possible banking sanctions.

3 Min Read
Hong Kong Approves 24/7 Trading of Tokenized Investment Funds

Hong Kong’s SFC approved the world’s first secondary trading of tokenized public investment funds on a licensed virtual asset platform, where PantherTrade began trading two ChinaAMC funds on October 15,…

3 Min Read