Finance
Share this article

World Liberty Says it Hasn't Sold Any Ether, Refutes Arkham Data

A WLFI spokesperson claims that the project hasn't sold any of its holdings.

By Oliver Knight
Updated Apr 11, 2025, 3:19 p.m. Published Apr 11, 2025, 7:07 a.m.
jwp-player-placeholder

What to know:

  • The project denies selling ETH or any of its other positions.
  • It remains at a nine-figure loss after acquiring several assets over the past six months.

World Liberty Financial, the DeFi project backed by U.S. President Donald Trump's family, has denied reports that it sold ether ETH$1,962.06 earlier this week.

It was reported on Wednesday that a wallet closely linked to World Liberty Financial, which is tagged by blockchain data firm Arkham as potentially belonging to the project, sold $8 million worth of ether after surpassing $125 million in unrealized losses.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.

In a statement to CoinDesk, a World Liberty Financial spokesperson said: "The claims that World Liberty Financial has sold any of its holdings are wholly inaccurate. WLFI has not sold any positions as currently reported. Speculation to the contrary is false."

Ether has since rebounded since that sale at $1,465, currently trading at $1,553 after the crypto markets experience a minor period of relief on Wednesday.

Donald Trump's son, Eric, said that it was a "great time to buy" ETH in February when it traded at $2,880.

Arkham did not respond to CoinDesk's request for comment.

World Liberty FinancialDonald TrumpEther

More For You

Hong Kong remains committed to digital assets but feels competition from an ‘aggressive’ UAE

By Ian Allison|Edited by Stephen Alpher
6 hours ago
From left to right, Johnny Ng, founder of web3 investment firm Goldford; Joseph Chan, under secretary for financial services and the Treasury in Hong Kong; Gary Liu, co-founder & CEO Terminal 3 (moderator)

Dubai and Abu Dhabi have established a solid regulatory framework for virtual assets, and each region has brought this under the auspices of a single, dedicated regulatory authority.

What to know:

  • Hong Kong could take lessons from the UAE and Korea regarding crypto regulation, said a member of the China National Committee, speaking at Consensus Hong Kong.
  • The undersecretary from Hong Kong's Treasury said an enduring attraction of Hong Kong is that there are “no surprises” from regulators.
Read full story