World Liberty Financial, the Defi project backed by the family of US President Donald Trump, has denied the reports that Ether (eth) sold earlier this week.
It was reported on Wednesday that a wallet closely linked to World Liberty Financial, which is labeled by the Blockchain Arkham data firm as potentially belonging to the project, sold $ 8 million in ether after exceeding $ 125 million in unrealized losses.
In a statement to Coindesk, a financial spokesman for World Liberty said: “The statements that World Liberty Financial has sold any of its holdings is totally inaccurate. WLFI has not sold any position as it was currently reported. Speculation on the contrary is false.”
Since then, Ether has recovered since that sale at $ 1,465, currently quoting $ 1,553 after cryptographic markets experience a smaller period of relief on Wednesday.
Donald Trump’s son, Eric, said it was a “great time to buy” ETH in February when he quoted at $ 2,880.
Arkham did not respond to the request for Comments from Coindesk.
