Trump World Liberty Financial refutes reports of Ethereum sell-off
World Liberty denies selling ETH
World Liberty Financial, a crypto platform tied to the Trump family, has strongly denied allegations that it sold off millions of dollars' worth of Ethereum during the recent market panic over tariff uncertainty.
Reports emerged last week claiming that a wallet “closely tied” to the project was observed selling 5,471 ETH—an estimated $8 million at the time—as global trade tensions spiked following President Donald Trump’s fluctuating tariff policy. According to on-chain intelligence firm Arkham, the wallet in question shared a Coinbase Prime deposit address with other verified World Liberty wallets. However, a company representative told Decrypt on Thursday, “The claims that World Liberty Financial has sold any of its holdings are wholly inaccurate,” emphasizing that no ETH has been liquidated.
Context and implications
World Liberty Financial’s denial comes at a time when the broader crypto market is grappling with significant volatility. The firm, which amassed the majority of its ETH reserves in December and January when prices exceeded $3,000, would have incurred a considerable symbolic loss if the alleged sell-off had occurred—especially since ETH’s price had dropped to approximately $1,465 by Wednesday. Despite the dramatic fluctuation, the company maintains that losing around $8 million would not jeopardize its financial standing, given that its holdings amount to hundreds of millions of dollars in crypto assets. This assurance is critical, particularly as the firm positions itself in alignment with President Trump’s economic vision, where a sale at the height of market panic could conflict with its narrative.
As the industry continues to monitor on-chain data and regulatory shifts, observers will likely scrutinize further developments to determine whether these denials hold true and how such actions might impact investor confidence and the stability of crypto reserves in the face of ongoing macroeconomic challenges.
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