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Reading: Trump Crypto Project Buys 722 Ethereum Worth $2.5M Amid Dip
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Mycryptopot > News > Crypto > Ethereum > Trump Crypto Project Buys 722 Ethereum Worth $2.5M Amid Dip
Ethereum

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

December 22, 2024 3 Min Read
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Trump Crypto Project Buys 722 Ethereum Worth $2.5M Amid Dip
mycryptopot

World Liberty Monetary (WLFI), a cryptocurrency initiative linked to the Trump household, has considerably elevated its on-chain exercise over the previous week.

In accordance with blockchain knowledge, the mission has invested tens of millions of {dollars} into increasing its crypto holdings, together with Ethereum (ETH), Aave (AAVE), Chainlink (LINK), Ethena (ENA), and Ondo (ONDO).

mycryptopot

Strategic Ethereum Funding

World Liberty Monetary’s newest acquisition entails 722.213 ETH for $2.5 million USDC by way of Cow Protocol on December 20. Notably, Ethereum stays the biggest asset in WLFI’s portfolio. This newest acquisition, coming amid the market-wide dip, elevated the mission’s whole ETH holdings to fifteen,598 ETH, now value $52.98 million.

In the meantime, a $254.28 drop in Ethereum’s value because the earlier buy has led to a $3.97 million decline within the worth of those holdings.

Different Main Holdings

Along with Ethereum, WLFI has actively elevated its stakes in different main cryptocurrencies. Final week, it utilized $1 million in USDC to purchase 3,357 AAVE tokens at a median value of $297.8 per token. This brings the whole AAVE holdings to six,137 tokens, valued at $1.93 million as of December 20.

The present value of AAVE has dropped to $314.25, leading to a $135,760 lower within the holding’s worth. Equally, the mission expanded its Chainlink holdings by buying 41,335 LINK tokens for $1 million at a median value of $24.2 per token. WLFI now holds 78,387 LINK, valued at $1.81 million, following a notable value decline.

mycryptopot

Collaboration with Ethena and Acquisitions

In a associated transfer, WLFI acquired 231,726 Ethena (ENA) tokens for $250,000 USDC yesterday, additionally utilizing Cow Protocol. The transaction got here after Ethena Labs introduced a partnership with WLFI to combine sUSDe, an artificial stablecoin, as a collateral asset. WLFI now holds 741,687 ENA, valued at $716,206, reflecting a $151,580 lower because of the token’s value drop to $0.97.

Moreover, the mission maintains a diversified portfolio that features 134,216 ONDO tokens valued at $232,192, along with important holdings in stablecoins reminiscent of USDC and USDT. The entire portfolio worth has declined to $75.32 million.

mycryptopot

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