World Liberty Financial, a Trump family crypto project, has yet to implement several previously announced initiatives, including an Aave-backed lending market, the use of Ethena's stablecoin (a cryptocurrency designed to track a stable value) as collateral, and the addition of tokenized U.S. Treasuries and stocks through Ondo. Data from Nansen and Arkham also shows major changes in the project's previously established strategic token reserve. Most of its LINK, AAVE, ENA and MOVE holdings were later transferred or disposed of, with some assets sent to centralized exchange accounts. Nansen found that the relevant tokens typically rose 10% to 26% within a day after World Liberty's purchases were detected on-chain, although most of those gains did not last. World Liberty said it continues to adjust its strategy according to market conditions and business priorities, and stressed that its decisions are unrelated to the Trump administration's decision-making.