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Trump-backed World Liberty Financial moves over 61.4 million USD worth of Ethereum as part of ‘treasury management’

In the last 24 hours, World Liberty Financial moved 61.4 million USD in Ethereum across multiple wallets. Although the wallet previously held around 83 million USD, only about 16.7 million USD remains now.

The company explained that these asset movements are normal practices for treasury management, addressing fees and working capital needs. They emphasized that this is not a sale of tokens but a reallocation of assets.

Justin Sun, founder of Tron, was appointed as an advisor after significant investment from HTX, a crypto exchange. World Liberty Financial aims to establish a strong and efficient treasury with these transfers.

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