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Trump-Family-Backed DeFi Project WLFI Sells 184,000 $ENA Tokens for 0.794 WBTC in 24 Hours

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By Cheryl L.Mar 25, 2025

WLFI Converts $184,000 ENA Tokens to 0.794 WBTC, Sparking Debate Over Altcoin Transfers to Coinbase Prime.

By Cheryl L.

According to data monitored @EmberCN, the Trump-supported DeFi project WLFI liquidated 184,000 $ENA tokens in the past 24 hours, exchanging them for 0.794 WBTC, approximately valued at $69,000.

Reportedly, WLFI utilizes proceeds from $WLFI token sales to purchase a portfolio of 11 different cryptocurrencies. However, a significant portion of these tokens has been transferred to Coinbase Prime, making it difficult to trace whether they have been sold or to determine the exact quantities involved. In a previous instance when WLFI transferred assets to Coinbase Prime, some $ENA tokens were moved to a custodial wallet labeled 0x76a.

Over the last four days, the 0x76a wallet transferred 184,000 $ENA tokens to another address, 0x77a. Subsequently, the 0x77a address sold all these $ENA tokens within the past day, converting them into 0.794 WBTC.

This recent activity has sparked discussions within the crypto community regarding WLFI’s investment strategy. Specifically, questions have arisen about whether other altcoins purchased by WLFI and later moved to Coinbase Prime have also been liquidated.

As of now, according to data from Arkm, WLFI's holdings include 7,933 ETH and 162.69 WBTC, which together account for 87% of the project's entire investment portfolio.

WLFI

Cheryl L.

A crypto world explorer, uncovering key events and insights to inspire a global audience in this ever-evolving space.

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