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Ethereum

Trump Crypto Project Buys 722 Ethereum Worth $2.5M Amid Dip

NBTCBy NBTC20/12/2024No Comments2 Mins Read

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World Liberty Financial (WLFI), a cryptocurrency initiative linked to the Trump family, has significantly increased its on-chain activity over the past week.

According to blockchain data, the project has invested millions of dollars into expanding its crypto holdings, including Ethereum (ETH), Aave (AAVE), Chainlink (LINK), Ethena (ENA), and Ondo (ONDO).

Strategic Ethereum Investment

World Liberty Financial’s latest acquisition involves 722.213 ETH for $2.5 million USDC through Cow Protocol on December 20. Notably, Ethereum remains the largest asset in WLFI’s portfolio. This latest acquisition, coming amid the market-wide dip, elevated the project’s total ETH holdings to 15,598 ETH, now worth $52.98 million.

Meanwhile, a $254.28 drop in Ethereum’s price since the earlier purchase has led to a $3.97 million decline in the value of these holdings.

Other Major Holdings

In addition to Ethereum, WLFI has actively increased its stakes in other major cryptocurrencies. Last week, it utilized $1 million in USDC to acquire 3,357 AAVE tokens at an average price of $297.8 per token. This brings the total AAVE holdings to 6,137 tokens, valued at $1.93 million as of December 20.

The current price of AAVE has dropped to $314.25, resulting in a $135,760 decrease in the holding’s value. Similarly, the project expanded its Chainlink holdings by purchasing 41,335 LINK tokens for $1 million at an average price of $24.2 per token. WLFI now holds 78,387 LINK, valued at $1.81 million, following a notable price decline.

Collaboration with Ethena and Acquisitions

In a related move, WLFI acquired 231,726 Ethena (ENA) tokens for $250,000 USDC yesterday, also using Cow Protocol. The transaction came after Ethena Labs announced a partnership with WLFI to integrate sUSDe, a synthetic stablecoin, as a collateral asset. WLFI now holds 741,687 ENA, valued at $716,206, reflecting a $151,580 decrease due to the token’s price drop to $0.97.

Furthermore, the project maintains a diversified portfolio that includes 134,216 ONDO tokens valued at $232,192, in addition to significant holdings in stablecoins such as USDC and USDT. The total portfolio value has declined to $75.32 million.

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