World Liberty Financial Refutes ETH Sale Claims Amid Speculation

COINOTAG News reported on April 11th, citing CoinDesk, that the Trump family’s cryptocurrency initiative, World Liberty Financial (WLFI), has refuted allegations regarding the liquidation of their Ethereum (ETH) holdings. A representative of WLFI commented, “Assertions indicating that WLFI has divested its assets are entirely false, as no transactions have occurred at this point, and such insinuations lack accuracy.”

Earlier this week, speculation arose that a wallet connected to WLFI, identified by Arkham, had executed a sale of approximately $8 million in ETH when the asset’s price plunged to $1,465. This news has stirred discussions within the crypto community, emphasizing the importance of verifiable information in a space often marred by rumors. WLFI’s clarifications aim to reinforce confidence among investors and stakeholders regarding their financial strategies.