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Is Trump's Cryptocurrency Project Selling Ethereum? A Statement from Sözcü! - Coin Bulletin
World Liberty Financial, supported by the Trump family, firmly denied the news that it sold Ethereum (ETH) earlier this week. The company rejected the speculation that the relevant wallet sold ETH.
Recently, a blockchain data analysis firm called Arkham claimed that a wallet associated with WLFI sold approximately 8 million dollars worth of Ethereum at ETH prices that had dropped to 1,465 dollars.
However, a spokesperson for WLFI stated in a statement that these claims are completely false, saying, "World Liberty Financial has not sold any of its assets. The company has not sold any positions, and the speculation on this matter does not reflect the truth," he said.
World Liberty Financial is an initiative known for its DeFi (Decentralized Finance) projects. It is reported that the company has experienced a significant loss in total as a result of its investments over the past six months. According to Arkham's data, WLFI's substantial losses have led to significant losses in ETH and other assets for the company. However, WLFI stated that despite these losses, it has not sold its assets and has only maintained its positions with long-term strategies.
The ETH price rebounded after the alleged sale of WLFI, rising from 1,465 dollars to 1,553 dollars. This recovery indicates a brief period of relief in the crypto market. On the other hand, Donald Trump's son Eric had encouraged investors to buy ETH by saying, "It's a great time to buy ETH" when the price of ETH reached 2,880 dollars in February.