World Liberty Financial (World Liberty Fi), a DeFi fund associated with the Trump family, has rapidly moved all of its Ethereum (ETH) and other token holdings to new addresses. This has sparked fears of a potential panic sell in the crypto market. However, World Liberty Fi claims that it is simply reallocating its assets for regular treasury management and ordinary business purposes. The fund had recently bought more Ethereum during the market stagnation but experienced a paper loss of between $25 million and $50 million after the recent market crash. The movements of its assets have led to a major outflow from its portfolio, and the fund's proof of reserves has not been provided, leading to skepticism within the crypto community. World Liberty Fi has retained its TRON (TRX) holdings but incurred losses on tokens such as AAVE, Ethena (ENA), and ONDO.
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