• The Trump family’s crypto project, World Liberty, traded Bitcoin for Ethereum and USDT worth $61.4 million.
• The exchanged funds found their way to Cow Protocol and Coinbase Prime.
• However, World Liberty explained that the transfers were part of routine movements.

World Liberty, the Trump-backed cryptocurrency venture, has executed significant crypto transfers, moving $61.4 million worth of Bitcoin and Ethereum.

According to data from Arkham Intelligence, the funds were transferred to multiple external wallets, including Coinbase Prime and the trading platform Cow Protocol, as part of what the project described as routine treasury management.

Ethereum Leads Major Transfers to Coinbase Prime

In a tweet, Colin Wu detailed how World Liberty engaged in the transactions. According to the update, World Liberty converted 103.15 WBTC into 3,075.2 ETH, valued at $9.92 million, and exchanged 16.62 WBTC for 1.7 million USDT. 

Following these conversions, 11,917.64 ETH, worth $38.4 million, was transferred to Coinbase Prime. Smaller transactions brought the total transferred value to $61.4 million.

Routine Operations Confirmed

In response to market speculation, World Liberty Financial clarified that the transactions were part of routine treasury management, aimed at covering operational expenses like fees and working capital requirements.

As of mid-December, the organization’s wallet held $83 million in assets. That balance has since decreased to $16.7 million, with no token sales reported. This transparency has reassured investors about the project’s financial strategy.

Strategic Partnerships Add Momentum

Meanwhile, World Liberty Financial has garnered attention in recent months due to its high-profile backing and strategic partnerships. 

In November, the project announced the appointment of Justin Sun, founder of Tron, as an advisor. This followed an investment of $30 million from HTX, the crypto exchange formerly known as Huobi and closely associated with Sun.