The Trump family's cryptocurrency venture, World Liberty, made a series of high-profile transactions on-chain today involving Wrapped Bitcoin (WBTC), Ethereum (ETH), and Tether (USDT).
Trump Family Crypto Project Makes Huge Transactions Worth Over $48 Million
The project has implemented the following operations using the decentralized Cow Protocol:
- 103.1493 WBTC were exchanged for 3,075,198 ETH worth approximately $9.917 million.
- Additionally, 16.6199 WBTC was exchanged for 1.7 million USDT.
Following these swaps, 11,917,635 ETH (worth approximately $38.396 million) was transferred to Coinbase Prime, a platform specifically designed for institutional crypto trading and custody services.
Importance of Transactions
The series of large-scale moves highlights significant activity by the Trump family’s crypto venture, World Liberty, which could signal strategic portfolio adjustments, potential fundraising efforts, or preparations for corporate-scale operations.
Crypto observers are watching these transactions closely, speculating about their implications for the project and the broader market. The use of Coinbase Prime suggests the possibility of traditional market integration or large-scale asset management strategies.
Further details regarding the purpose of these transactions remain unclear, but point to the Trump family's ongoing influence and involvement in the evolving crypto landscape.
*This is not investment advice.
