Trump’s World Liberty Financial Offloads Bitcoin Amid Price Drop

World Liberty Financial, linked with the Trump family, has sold 73 WBTC valued at $5.04 million. The sale was executed through CoW Protocol and Aave to tackle a decline in Bitcoin price below its 2021 all-time high.

“Trump’s World Liberty (@worldlibertyfi) just sold 73 WBTC($5.04M) at $69,000.” – Lookonchain, On-Chain Analyst

The platform, led by Donald Trump’s sons, orchestrated this sale to avoid liquidation. They swapped the WBTC for USDC and repaid a significant portion of their outstanding debt. No official statements have been made regarding this action.

The sale aimed to improve the project’s financial stability by raising its health factor to 1.54. Alongside this, the price of the WLFI token fell 12%, raising investor concerns about the project’s fiscal health.

This move underscores the financial shift as assets were adjusted to maintain leverage. The Bitcoin price faced a decline of 30% over the past year, impacting market sentiments and strategic financial decisions.

Donald Trump’s association with World Liberty Financial adds a layer of complexity, attracting political scrutiny. Ongoing investigations include potential benefits to the Trump family through a Middle Eastern agreement under review.

Historically, voluntary deleveraging strategies like this distribute market pressure more evenly compared to forced liquidations. This sale mirrors previous tactical actions observed across the blockchain ecosystem. As markets adjust, these tactics help in withstanding volatile conditions.