Decentralized Finance (Defi) Project World Liberty Financial (WLFI), linked to Donald Trump family, is under fire after rumors about a possible sale of millions to Ethereum (ETH).
WLFI is built on the Ethereum network and, according to on-chain data, has large quantities of the crypto coin. Arkham Intelligence analysis platform reports that a wallet that is linked to WLFI would have recently sold $ 8 million to ETH. That led to considerable unrest within the crypto community.
Project strongly contradicts sales rumors
A Wlfi spokesperson responded to Coindesk to deny the rumors: “The claims that WLFI has sold something are completely incorrect. We have not sold any position. All rumors are incorrect.” The words of the spokesperson are at odds with Arkham Intelligence, concludes from on-chain data. Possibly the $ 8 million transaction only concerns a shift of funds and not a sale. For the time being, Arkham analysts have not yet responded to the denials of the WLFI spokesperson.
Will Trump’s son Ethereum continue to support?
If WLFI had actually sold ETH coins, that would be a great contrast with the attitude that Trump’s son, Eric, had to Ethereum in February. Then he tweeted that it was a “good time” to buy ETH, the Ethereum course then traded between $ 2,200 and $ 2,800 (up to 80% higher than the current price).
Ethereum springs lights up after earlier price drop
The Ethereum course initially responded negatively to the rumor. Not strange, because after previous open support for ETH by the Trump family, a sudden sale could harm confidence. Nevertheless, the market now seems to be recovering somewhat. While many other cryptocurrencies such as Solana (SOL) and Cardano (ADA) are 3.6% and 2% respectively in the plus, Ethereum also shows a cautious rise. At the time of writing, the race is around $ 1,564, still more than 14% lower than a week ago, but the low point seems to be over for the time being.
Source: https://newsbit.nl/trumps-world-liberty-ontkent-gerucht-over-ethereum-verkoop/
