emre yumlu 
Trump-backed WLFI made a $60 million Ethereum transfer in the past 24 hours and dismissed the sale claims, stating, “These are routine transactions.”
World Liberty Financial (WLFI) carried out a $60 million Ethereum transfer in the last 24 hours.
WLFI is supported by Trump’s associates and is part of projects connected to the Aave ecosystem. In November, Tron founder Justin Sun joined the project as an advisor.
WLFI: “We Are Not Selling, These Are Just Routine Transactions.”
According to Arkham Intelligence data, the funds from WLFI’s wallet were transferred to various wallets, including Coinbase Prime. Following the transfers, the project made a statement on X, announcing that these transactions are part of regular treasury management:
“Our crypto asset movements are carried out as part of routine treasury management, aimed at covering fee payments and meeting operating capital requirements. To be clear, we are not selling tokens, we are simply reallocating assets for regular operational purposes. No need for speculation! These transactions are standard practice for managing operations at WLFI.”
After WLFI’s move, attention has turned back to Ethereum. Analysts note that the limited optimism in Ethereum derivatives data has been insufficient in creating the expected confidence among investors.
Although Ethereum has experienced a 40% increase in 2024, it has failed to surpass its previous bull market peak. While Bitcoin broke its old peak of $69,000 and surged to $108,000, Ethereum has not managed to reach those levels.
Ethereum’s price movement still lacks the momentum needed to build more confidence. Experts suggest that for Ether to see a significant rise, it needs to break the $3,600 level and maintain that level. If Ethereum fails to surpass these levels, it will be difficult for it to approach its previous bull market peaks.
Investors are waiting for this critical level to be surpassed for Ether to gain value. This marks the necessary technical levels for Ethereum to make a stronger recovery in the short term.
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