World Liberty Financial has issued a strong statement denying the reports of an ether sale. The DeFi project, backed by Donald Trump’s family, insists that no positions were sold.
A spokesperson declared that the claims are completely inaccurate and misleading. The statement emphasized that WLFI continues to hold its Ethereum positions firmly. This clarification comes after reports linked a wallet to the project.
Donald Trump’s World Liberty Financial Denies Ethereum Sale
The wallet was tagged by blockchain firm Arkham as possibly belonging to WLFI. It was reported that the wallet sold $8 million worth of ether following significant unrealized losses. However, the project firmly rejects these claims.Â
The statement stressed that speculation suggesting a sale is false and without any basis. This incident has created confusion among crypto investors and market watchers.
Market Movement and Investor Reaction
After the reported sale, ether prices experienced a noticeable rebound in the market. Ether had dropped to a low after the rumor spread rapidly on social platforms.
The price then recovered to $1,465 and further climbed to $1,553 on Wednesday. Investors have reacted positively to the revival of the crypto price. Market experts noted the increased confidence among users following the rebound.
The crypto market entered a minor phase of relief during the recovery. This calm period allowed investors to re-assess their positions with renewed hope.
Also Read: DWF Labs Secures 250 Million WLFI Tokens at $0.1, Doubling Second-Round Subscription Price
Family Influence and Market Sentiment
The Trump family continues to have an influential presence in the crypto world. Eric Trump, Donald Trump’s son, previously endorsed purchasing Ethereum when it traded at $2,880.Â
His statement encouraged investors to view the market as an opportunity for strong gains. Such endorsements have a powerful effect on the sentiment among the crypto community.
The Trump family’s involvement also attracts significant media attention and investor interest. This influence plays a crucial role in shaping market trends and investor strategies.
Memecoins and Project Initiatives
Alongside the news regarding ether, Trump-affiliated tokens faced rough challenges recently.
The TRUMP and MELANIA memecoins experienced severe losses after Trump’s inauguration. Their values fell by 83% and 95%, respectively, causing disappointment among token holders.
Meanwhile, World Liberty Financial is offering a new benefit to its community. The project announced a bold promise to airdrop a USD1 stablecoin to its token holders.
This initiative aims to provide direct advantages to the growing network of supporters. The airdrop represents another strategic effort by the project to improve its reputation.Â
WLFI strives to gain momentum and boost market confidence. The project is targeting a broader audience through innovative digital offerings.
World Liberty Financial remains committed to its strategies despite recent market rumors and fluctuations. The project insists that it continues to hold its ether without any transactions having taken place.
Its strong statement aims to eliminate any false narratives in the crypto community. Market watchers are now closely monitoring WLFI as it moves forward with new initiatives. The combination of clarifications and new benefits may restore investor trust in the project.