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Ethereum

Massive Ethereum Transfers Linked to Trump Spark Speculation

Massive Ethereum Transfers Linked to Trump Spark Speculation

A crypto project associated with Donald Trump has moved a substantial amount of Ethereum to Coinbase Prime, raising questions about its intentions.

On-chain data shows that World Liberty Financial transferred over $307 million in assets on February 4, with the bulk of it—73,783 ETH worth $212 million—being the largest transaction. Other assets, including Wrapped Bitcoin (WBTC), Chainlink (LINK), and stablecoins, were also part of the movement.

The transfers fueled speculation within the crypto community, with some suggesting the project might be using its ETH reserves as collateral for a new stablecoin. Amid this, Eric Trump took to social media, urging investors to buy Ethereum—a post that coincided with a surge in ETH’s price, pushing it toward $2,900.


READ MORE: Robert Kiyosaki Sees Bitcoin Crash as a Buying Opportunity


Interestingly, after moving funds to exchanges, World Liberty Financial repurchased ETH, converting staked assets and acquiring 1,826 ETH at around $2,738 per token.

Despite speculation that the project was liquidating its holdings, World Liberty Financial denied selling off assets, stating that the transactions were routine treasury adjustments. It currently holds approximately $33.1 million in crypto, including significant amounts of USDC and staked ETH.

With these high-profile movements and Trump family involvement, the project’s next steps remain uncertain, keeping investors on edge.

Author
Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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