The Donald Trump-linked DeFi protocol World Liberty Financial transferred more than $250 million in Ethereum, Wrapped Bitcoin and other Ethereum-based assets from its multi-sig wallet on Monday—though the venture claims that it’s not selling the assets amid volatile market movements.

“We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements,” the protocol posted on X (formerly known as Twitter). “To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes.” 

The protocol’s treasury, which held more than $400 million in assets on February 2 based on Arkham Intelligence’s portfolio archive tool, now holds less than $90 million in total assets.

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Author: Logan Hitchcock