Trump-Backed Venture World Liberty Fi Buys $1M Worth of Ethereum at $3,895 per ETH
- World Liberty Fi, backed by Donald Trump, purchased 256.75 ETH for $1 million.
- The firm’s crypto portfolio totals $211 million, with major holdings in USDT, WETH, WBTC, and USDC.
- Trump’s ownership in World Liberty Fi has dropped from 75% to around 40%.
World Liberty Fi, the Trump-backed DeFi project, has made another notable move into Ethereum, acquiring over 250 ETH for $1 million.
The purchase, made at a high price of $3,895 per ETH, reflects a confident bet on Ethereum as it surges to new yearly highs.
Notably, ETH broke above $3,940 yesterday for the first time since January of this year. Such a massive purchase at this high level suggests strong conviction that the rally will endure, potentially leading ETH to break a new all-time high.
Related: World Liberty Financial Airdrops $4 Million USD1 to 85,106 WLFI Holders
Details of Latest Ethereum Purchase
According to on-chain data, the transaction originated from address “0xee…174dc,” revealing World Liberty Fi’s acquisition of 256.75 ETH using $1 million in USDC. The move adds to its growing Ethereum position.
Inside World Liberty Fi’s $211M Crypto Portfolio
Per Arkham Intellig…
The post Trump-Backed Venture World Liberty Fi Buys $1M Worth of Ethereum at $3,895 per ETH appeared first on Coin Edition.
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Trump-Backed Venture World Liberty Fi Buys $1M Worth of Ethereum at $3,895 per ETH
- World Liberty Fi, backed by Donald Trump, purchased 256.75 ETH for $1 million.
- The firm’s crypto portfolio totals $211 million, with major holdings in USDT, WETH, WBTC, and USDC.
- Trump’s ownership in World Liberty Fi has dropped from 75% to around 40%.
World Liberty Fi, the Trump-backed DeFi project, has made another notable move into Ethereum, acquiring over 250 ETH for $1 million.
The purchase, made at a high price of $3,895 per ETH, reflects a confident bet on Ethereum as it surges to new yearly highs.
Notably, ETH broke above $3,940 yesterday for the first time since January of this year. Such a massive purchase at this high level suggests strong conviction that the rally will endure, potentially leading ETH to break a new all-time high.
Related: World Liberty Financial Airdrops $4 Million USD1 to 85,106 WLFI Holders
Details of Latest Ethereum Purchase
According to on-chain data, the transaction originated from address “0xee…174dc,” revealing World Liberty Fi’s acquisition of 256.75 ETH using $1 million in USDC. The move adds to its growing Ethereum position.
Inside World Liberty Fi’s $211M Crypto Portfolio
Per Arkham Intellig…
The post Trump-Backed Venture World Liberty Fi Buys $1M Worth of Ethereum at $3,895 per ETH appeared first on Coin Edition.
Read More