- World Liberty Finance bought $46.8M ETH, $46.7M wBTC, and other crypto
- WLFI purchases totaled over $100M on inauguration day
- The total holding of WLFI is ~$346.7B
- Recently WLFI has staked 4747.4 ETH worth ~15.7M
- Also, Trump has bought out possible associated EDSs
On Inauguration Day, World Liberty Finance purchased $46.8M ETH, $46.7M wBTC, and other cryptos totaling over $100M. Also recently, World Liberty Finance has staked 4747.4 ETH and Donald Trump bought possible associated EDSs.
More About World Liberty Finance’s Purchases & Possible Outcomes Crypto
Donald Trump associate World Liberty Finance showed significant purchases on Inauguration Day, likely suggesting a boost for key cryptocurrencies like wBTC, ETH, as well as Ethena, wrapped Tron (wTRX), Chainlink, Aave, and Uniswap.
Based on Arkham Intelligence data, it appears that World Liberty Finance purchased $46.8M ETH, $46.7M BTC, and other aforementioned cryptocurrencies totaling over $100M.
It’s worth noting that from late November to December 16, World Liberty Finance was already very active in its purchases, with ETH being the clear priority. A notable purchase was 134,216 ONDO worth $250K.
While it’s hard to tell if these purchases have had a key impact on ETH, World Liberty Finance splits its transactions into smaller ones and uses the DeFi CoW protocol. For example, on Jan. 19, ETH showed several jumps from $3350 to $3138 and $2493 to $3165. Also, on January 20, it rose to $3392 and experienced several corrections to $3245 and started to recover to $3343 on January 21, which coincides with purchases by World Liberty Finance.
Also, this, among other things, could have been influenced by the news that World Liberty Finance has staked 4747.4 ETH worth ~15.7M, which could help a lot with Ethereum scaling and sustainability and also show prioritization on Web3 infrastructure projects. Also, the fact that Trump has bought out major possible associated EDSs may indicate that Ethereum is a prioritized blockchain.
The portfolios of Tron, Aave, and especially Chainlink and Uniswap may also support such priorities. Overall, it’s pretty much in line with World Liberty Finance’s mission to build a new decentralized financial system and the United States’s role as a key player in that.
The potential for such big buys in this case could be very big, especially for Ethereum which as we noted so far has not shown any rapid interest. But it could also have a big impact on other projects.
Conclusion
World Liberty Finance’s careful but impressive and one could even say illustrative purchases have great potential for the entire crypto industry. And it all looks like strategic moves that could have long-lasting effects for key crypto players.
This is probably not the latest news, and we will have to be extremely careful shortly watching the market dynamics and related actions of Donald Trump and his administration. Be aware and stay tuned.
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