Trump-backed World Liberty Financial moves over $60 million worth of Ethereum as part of 'treasury management'

World Liberty Financial, the crypto project backed by President-elect Donald Trump, has transferred $61.4 million worth of ether in the last 24 hours, according to Arkham Intelligence data .

The project's wallet, as tracked by Arkham, transferred the funds into multiple wallets, including Coinbase Prime.

World Liberty Financial took to X to explain the transfers. "We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements. To be clear, we are not selling tokens — we are simply reallocating assets for ordinary business purposes," the project said . "These actions are intended to be part of maintaining a strong, secure and efficient treasury. No need to speculate — this is all standard practice for managing operations at WLFI."

At its high point in mid-December, it appears World Liberty Financial's wallet had approximately $83 million in the wallet, according to Arkham. The wallet had roughly $16.7 million in it at the time of publishing.

World Liberty Financial did not immediately respond to a request for additional comment.

In November, World Liberty Financial, an Aave fork backed by Trump’s friends and family, announced it was appointing Tron Founder Justin Sun as an advisor. The news followed the announcement that HTX, the crypto exchange formerly known as Huobi and closely associated with Sun, had invested $30 million in World Liberty Financial, according to onchain data.