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World Liberty Financial, a DeFi project linked to Donald Trump, has drawn attention after transferring 14,611 Ethereum (ETH) worth $47.34 million to Coinbase over the past two days. The large-scale transfers have triggered concerns about a potential sell-off, even as Ethereum’s price remains stable around $3,365.
Routine Treasury Management or Market Impact?
The significant movement of ETH, completed at an average price of $3,240, has left World Liberty Financial with 5,111 ETH valued at $17.12 million. These transfers have caused speculation among investors, prompting the company to release an official statement. According to the company, these transactions are part of routine treasury management practices rather than an indication of an impending sale.
“These transactions are standard operations to maintain a robust and secure treasury structure,” World Liberty Financial clarified in a statement. “There is no need for speculation—these transfers are solely intended to meet the company’s operational needs.”
Ethereum Price Holds Steady Despite Activity
Despite the concerns, Ethereum’s price remains steady at $3,365, with daily trading volume rising modestly by 5%. According to Coinglass data, liquidations reached $45 million in the past 24 hours, with $31 million originating from long positions. The overall market appears to be stabilizing, with Ethereum showing resilience amid broader altcoin recovery trends.
Analyst Predictions on Ethereum’s Price Movement
Prominent crypto analyst Ali Martinez highlighted the possibility of a bullish pattern forming in Ethereum’s price charts. Referring to previous movements, Martinez suggested that the current consolidation phase could represent the right shoulder of a head-and-shoulders formation. He pointed out that in April, ETH consolidated around $2,800 for 37 days before experiencing a significant rally, hinting that a similar breakout could be on the horizon.
Final Thoughts
While World Liberty Financial’s large Ethereum transfers initially raised alarm, the company’s reassurance suggests these are merely operational moves rather than market-altering events. Investors will likely keep a close eye on Ethereum’s price movement for further indications of market trends.
