Donald Trump’s World Liberty Financial Accumulates More ETH Amid Price Crash
Highlights
- WLFI now holds 16,362 ETH worth $54.62M, buying over 9,500 ETH in December alone during market dips.
- WLFI's portfolio includes $9.83M in WBTC, $1.84M in AAVE, $1.75M in LINK, and $3.74M USDC reserves.
- Tron’s Justin Sun invested $30M in WLFI tokens, boosting total token sales to $50M out of a $300M goal.
Amid the ongoing cryptocurrency market downturn, World Liberty Financial (WLFI), a decentralized finance project associated with President-elect Donald Trump, has increased its Ethereum (ETH) holdings.
Recent data from Etherscan reveals that the project has acquired over 1,481 ETH in a single day, continuing its strategy of buying during market dips.
Donald Trump’s World Liberty Financial Buys More ETH
World Liberty Financial has been actively purchasing ETH throughout December, using USD Coin (USDC) for the transactions. On Monday, the project added 759 ETH at an average price of $3,651, spending approximately $2.5 million.
As of now, WLFI’s Ethereum portfolio includes 16,362 ETH valued at $54.62 million, though market volatility has reduced its overall ETH gains.
Trump's World Liberty(@worldlibertyfi) spent 2.5M $USDC to buy 759 $ETH again 20 minutes ago.
So far, #WorldLiberty has bought a total of 9,587 $ETH($35M) at an average price of $3,651.
Their loss on $ETH has narrowed to $3.4M.https://t.co/h3YVUEyx6L pic.twitter.com/yAeUqGet1r
— Lookonchain (@lookonchain) December 20, 2024
Despite the broader decline in crypto prices, WLFI’s cumulative ETH purchases total $35 million, with an average cost per ETH at $3,651. However, due to the recent price slump, the project’s losses on Ethereum have narrowed to $3.4 million, down from prior estimates.
Diversified Holdings and Recent Purchases
WLFI’s cryptocurrency portfolio is not limited to Ethereum. The project also holds 103.15 Wrapped Bitcoin (WBTC) worth $9.83 million, 6,137 AAVE tokens valued at $1.84 million, and 78,387 Chainlink (LINK) tokens totaling $1.75 million.
Additionally, WLFI possesses holdings in less well-known tokens like ENA and ONDO, which are valued at $740,000 and $230,000, respectively.
The recent addition of 1,481 ETH at an average price of $3,374.79 brings the project’s total ETH purchases in December to over 9,500 ETH. WLFI also exchanged $10.4 million of Coinbase-backed cbBTC for Wrapped Bitcoin after Coinbase announced its plans to delist the asset.
Justin Sun’s Involvement Boosts Project
The project received a financial boost last month after Tron blockchain founder Justin Sun became its largest investor. Sun invested $30 million in WLFI tokens, bringing total token sales to $50 million. Before this, the project had sold less than a quarter of its $300 million WLFI token goal.
The involvement of prominent figures like Sun has drawn attention to the project. Blockchain analysts suggest the strategy of acquiring high-profile tokens like Ethereum and Bitcoin may enhance investor trust in WLFI. However, the project’s long-term success hinges on its ability to generate revenue and meet its token sale targets.
Whales start accumulating $ETH after the market rebounds!
In the past 30 minutes, 4 fresh wallets(probably belonging to the same whale) withdrew 8,440 $ETH($28.43M) from #Binance.
Address:
0xa7c8823c2d8CAF8C86F1F572Ac6902964c109bb4
0xf2500B6014dfe916B8e7706434e21B5FB2191A15… pic.twitter.com/qnMq2IEa2Z— Lookonchain (@lookonchain) December 20, 2024
Concurrently, WLFI’s acquisitions come as Ethereum price hovers near the $3,300 mark, with analysts predicting further price movements in the lead-up to the holiday season. Experts suggest that whale accumulation, like today’s 8,440 $ETH($28.43M) whale move coupled with strong on-chain metrics, could drive ETH prices toward $5,000 by the end of December.
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