Crypto NewsAltcoinDonald Trump-Linked Cryptocurrency Project Continues to Dump Altcoins - On-Chain Data Shows

Donald Trump-Linked Cryptocurrency Project Continues to Dump Altcoins – On-Chain Data Shows

A cryptocurrency project linked to US President Donald Trump and his family may have sold a large amount of altcoins, according to onchain data.

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Cryptocurrency onchain data has revealed that World Liberty Financial (WLFI), an altcoin project supported by Donald Trump, has transferred a large amount of tokens to centralized cryptocurrency exchanges in recent hours.

According to the data, the WLFI team transferred 146.4 WLFI tokens, worth $15.38 million, to the centralized exchanges OKX and Bitget.

Currently, it is estimated that cryptocurrency wallets known to be linked to the World Liberty Financial project hold a total of $4.86 billion in assets. Of this, $4.83 billion consists of WLFI tokens. In addition, there are $33.65 million worth of USD1 and smaller amounts of WHITE, USDC, EOS, and USDT.

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USD1 is a stablecoin recently launched by the WLFI team, and it gained attention particularly through its liquidity agreement with Binance.

In addition, US President Donald Trump also owns two memecoins, TRUMP and MELANIA, which have recently lost almost all their value.

*This is not investment advice.

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