The post Donald Trump’s WLFI Buys $10M Worth Of Ethereum Amid Market Drop appeared first on Coinpedia Fintech News
Donald Trump’s DeFi platform, World Liberty Financial (WLFI), has made a massive purchase by tripling its Ethereum (ETH) holdings, even as prices dropped below $2,000. Despite the market crash, WLFI continues to invest heavily in crypto, showing confidence in its long-term growth.
WLFI Tripled Ether Holdings In a Week
According to on-chain data from Lookonchain, WLFI recently transferred $25 million USDC into a newly created multi-signature wallet, signaling its intent to expand its crypto portfolio. The fund executed major purchases, including;
4,468 ETH for $10 million at an average price of $2,238 per ETH.
110.6 Wrapped Bitcoin (WBTC) for $10 million at $90,420 per BTC.
3.42 million MOVE tokens for $1.5 million at $0.439 per token.
With about $3.5 million USDC still available, speculation is rising that WLFI could continue adding to its holdings soon.
Currently, ETH remains WLFI’s largest holding with $16.34 million, followed by $14.8 million in WBTC and $13.25 million in USDT stablecoins.
WLFI Faces Heavy Losses
Despite buying more crypto, WLFI is facing over $89 million in unrealized losses across nine tokens. This comes at a time when the crypto market is struggling due to big events like the $1.4 billion Bybit hack, the largest in crypto history, and other economic concerns.
While many investors are moving toward real-world assets (RWA) for safety, WLFI is taking a different path, believing in a long-term crypto comeback.
WLFI’s Crypto Fund Expands Strategy
WLFI’s recent investments come after launching its Macro Strategy fund, which focuses on Bitcoin, Ethereum, and selected altcoins. The goal is to build a strong and balanced crypto portfolio while exploring new opportunities in DeFi.
Meanwhile, speculation is growing that Trump’s family may launch “one or more giant businesses” on Ethereum and even hinted at the possibility of Ethereum being used in government operations noted by Ethereum co-founder Joseph Lubin.