World Liberty Says it Hasn’t Sold Any Ether, Refutes Arkham Data

World Liberty Financial, the DeFi venture backed by U.S. President Donald Trump’s household, has denied studies that it offered ether (ETH) earlier this week.

It was reported on Wednesday {that a} pockets intently linked to World Liberty Financial, which is tagged by blockchain knowledge agency Arkham as doubtlessly belonging to the venture, offered $8 million value of ether after surpassing $125 million in unrealized losses.

In an announcement to CoinDesk, a World Liberty Financial spokesperson mentioned: “The claims that World Liberty Financial has sold any of its holdings are wholly inaccurate. WLFI has not sold any positions as currently reported. Speculation to the contrary is false.”

Ether has since rebounded since that sale at $1,465, at the moment buying and selling at $1,553 after the crypto markets expertise a minor interval of reduction on Wednesday.

Donald Trump’s son, Eric, mentioned that it was a “great time to buy” ETH in February when it traded at $2,880.

Arkham didn’t reply to CoinDesk’s request for remark.