Trump-Backed Crypto Project Moves $61.4M in Ethereum to Coinbase: Major Liquidation Coming?
- 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 specul…
The post Trump-Backed Crypto Project Moves $61.4M in Ethereum to Coinbase: Major Liquidation Coming? appeared first on Coin Edition.
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Trump-Backed Crypto Project Moves $61.4M in Ethereum to Coinbase: Major Liquidation Coming?
- 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 specul…
The post Trump-Backed Crypto Project Moves $61.4M in Ethereum to Coinbase: Major Liquidation Coming? appeared first on Coin Edition.
Read More