WLFI moved over $52 million in crypto collateral to Aave on June 10, comprising 7,900 ETH, 162.69 WBTC, and 5,010 stETH.
After securing the deposit, WLFI borrowed $7.5 million in USDT from Aave V3 and transferred the funds to a BitGo-controlled wallet for potential withdrawal or conversion.
The recipient wallet address, 0x5be9a…d957dbb, received the full loaned amount, indicating ongoing monitoring of the transaction through on-chain data by Nansen.
WLFI's significant transaction has raised eyebrows due to its political connections with President Trump and sheds light on politically-linked entities engaging with decentralized lending platforms.