World Liberty Says it Hasn't Sold Any Ether, Refutes Arkham Data

World Liberty Financial, the DeFi task backed by U.S. President Donald Trump's family, has denied reports that it sold ether (ETH) earlier this week.

It was reported connected Wednesday that a wallet intimately linked to World Liberty Financial, which is tagged by blockchain information steadfast Arkham arsenic perchance belonging to the project, sold $8 cardinal worthy of ether aft surpassing $125 cardinal successful unrealized losses.

In a connection to CoinDesk, a World Liberty Financial spokesperson said: "The claims that World Liberty Financial has sold immoderate of its holdings are wholly inaccurate. WLFI has not sold immoderate positions arsenic presently reported. Speculation to the contrary is false."

Ether has since rebounded since that merchantability astatine $1,465, presently trading astatine $1,553 aft the crypto markets acquisition a insignificant play of alleviation connected Wednesday.

Donald Trump's son, Eric, said that it was a "great clip to buy" ETH successful February erstwhile it traded astatine $2,880.

Arkham did not respond to CoinDesk's petition for comment.