The cryptocurrency platform World Liberty Financial (WLFI) has denied reports of selling Ethereum worth over $8 million, which arose amid market panic. This news spread following the publication of data from analysts at Arkham Intelligence.
This is reported by Finway
According to WLFI, “The claims that World Liberty Financial sold part of its assets are completely false. We have not sold any positions as reported. All contrary information is merely speculation,” stated a company representative.
Controversial Data from Arkham Intelligence
Analysts from Arkham Intelligence reported that a wallet “likely associated” with WLFI sold 5,471 ETH amid a market downturn caused by uncertainty in U.S. President Donald Trump’s tariff policy. This wallet uses the same CoinBase Prime deposit address as the verified WLFI addresses.
Arkham Intelligence CEO Miguel Morel emphasized that “we classify this wallet as a ‘speculative entity,’ which has a lower level of confidence and serves as a hint for researchers.” However, WLFI did not comment on why the unofficial wallet uses the same address as the verified ones.
Financial Implications and Future Plans
If the sale of Ethereum did indeed occur at a price of $1,465 per coin, it would mean losses for WLFI of approximately $8 million. It is known that WLFI acquired most of its tokens in January 2025, when their value exceeded $3,000. Currently, WLFI holds over $21 million in cryptocurrencies.
It is worth noting that at the end of March, Lookonchain experts announced World Liberty Financial’s plans to launch its own stablecoin — USD1. Subsequently, Senator Elizabeth Warren and Congresswoman Maxine Waters criticized Trump’s decision and called on the U.S. Securities and Exchange Commission to provide data on Trump’s connections to WLFI.