World Liberty Monetary, the DeFi mission backed by U.S. President Donald Trump’s household, has denied stories that it offered ether (ETH) earlier this week.
It was reported on Wednesday {that a} pockets intently linked to World Liberty Monetary, which is tagged by blockchain knowledge agency Arkham as probably belonging to the mission, offered $8 million price of ether after surpassing $125 million in unrealized losses.
In an announcement to CoinDesk, a World Liberty Monetary spokesperson mentioned: “The claims that World Liberty Monetary has offered any of its holdings are wholly inaccurate. WLFI has not offered any positions as at the moment reported. Hypothesis on the contrary is fake.”
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 “nice time to purchase” ETH in February when it traded at $2,880.
Arkham didn’t reply to CoinDesk’s request for remark.
