Summary
- World Liberty Financial withdrew about 313 million WLFI from Binance, which was interpreted as being for holding purposes.
- WLFI was trading around $0.107, up about 6.6% day on day, but down more than 33% from a month earlier.
- World Liberty Financial previously sold around 70 WBTC after bitcoin fell below $70,000 amid a broader crypto-market decline.
World Liberty Financial (WLFI), a cryptocurrency project backed by the family of U.S. President Donald Trump, has withdrawn more than 300 million of its own tokens from Binance.
According to Onchain Lens on the 17th (local time), World Liberty Financial withdrew about 313 million WLFI from Binance that day. Token withdrawals from exchanges are typically interpreted as being for holding purposes.
According to CoinMarketCap, WLFI was trading around $0.107 as of that day, up about 6.6% from the previous day. That still marks a decline of more than 33% compared with a month earlier.
Meanwhile, World Liberty Financial recently sold bitcoin (BTC) and other assets amid the broader downturn in the crypto market. Specifically, earlier this month, as bitcoin prices plunged below $70,000, World Liberty Financial sold around 70 wrapped bitcoin (WBTC).
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
