May 7, 2025

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World Liberty Fi Moves AVAX, SEI and MOVE

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    World Liberty Financial on Arkham
    World Liberty Financial on Arkham

    A World Liberty Financial address has transferred all of their MOVE, SEI and AVAX tokens out to unknown address, 0x038. The transfer consisted of 7.581M MOVE ($1.28M), 5.983M SEI ($1.17M) and 103,911 AVAX ($2.06M). The new holding address has since transferred the MOVE tokens to a deposit address managed by Ceffu, an institutional crypto asset management platform, presumably for sale. World Liberty Financial addresses had previously acquired these tokens between the prices of $0.41 and $0.55, locking in a loss of ~60-70% on their MOVE holdings.

    0x038’s transfer of MOVE to Ceffu
    0x038’s transfer of MOVE to Ceffu

    The sale of the MOVE tokens is likely linked to the recent scandal involving Movement Labs ex-cofounder, Rushi Manche, and a rogue market maker. Rushi Manche has since been removed from Movement Labs, with exchanges such as Coinbase announcing the delisting of the token in the coming days. 

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