Notification
Mycryptopot
  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • Nft
    • Solana
    • XRP
    • Tron
  • MarketCap
  • Market
  • Forex
  • Mining
  • Metaverse
  • Exchange
  • Regulations
  • Analysis
    • Crypto Bubbles
    • Multi Currency
    • Evaluation
Reading: Trump Crypto Project Buys 722 Ethereum Worth $2.5M Amid Dip
Share
bitcoin
Bitcoin (BTC) $ 107,136.70
ethereum
Ethereum (ETH) $ 2,625.66
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 655.39
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.20
binance-usd
BUSD (BUSD) $ 1.01
dogecoin
Dogecoin (DOGE) $ 0.177564
cardano
Cardano (ADA) $ 0.645628
solana
Solana (SOL) $ 156.74
matic-network
Polygon (MATIC) $ 0.204604
polkadot
Polkadot (DOT) $ 3.91
tron
TRON (TRX) $ 0.27134
MycryptopotMycryptopot
Search
  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • Nft
    • Solana
    • XRP
    • Tron
  • MarketCap
  • Market
  • Forex
  • Mining
  • Metaverse
  • Exchange
  • Regulations
  • Analysis
    • Crypto Bubbles
    • Multi Currency
    • Evaluation
© 2024 All Rights reserved | Powered by Crypto My Crypto Pot
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
Share
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

You Might Also Like

Ethereum’s 20% Crash Leads to Highest ETF Inflows in Two Months

380,000 ETH Defends Key Support as Ethereum Dips: Details

Ethereum (ETH) to Hit $4,000 as Bitcoin (BTC) Plummets?

Ethereum (ETH) Price Prediction for May 5

ETH Price Could Dip Below $1,500 as Ethereum ETFs Suffer Record Outflows

TAGGED:EthereumEthereum News
Share This Article
Facebook Twitter Copy Link
Previous Article Michael Saylor on Corporations to Replace Cash Reserves with Bitcoin  Michael Saylor on Corporations to Replace Cash Reserves with Bitcoin 
Next Article NVIDIA and Intel Eye Hedera for Verifiable AI Compute NVIDIA and Intel Eye Hedera for Verifiable AI Compute
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
mycryptopot

Popular News

Tangle Network Partners with Orochi Network to Advance Blockchain Capabilities
Tangle Network Partners with Orochi Network to Advance Blockchain Capabilities
SONEX launches on Soneium’s mainnet 
SONEX launches on Soneium’s mainnet 
Highlights From ABS2024 In Taipei: 13,245 Attendees Gather For Asia’s Premier Blockchain Summit
Highlights From ABS2024 In Taipei: 13,245 Attendees Gather For Asia’s Premier Blockchain Summit
Nillion Network and Cloudician Launch Privacy-First Petnet Node
Nillion Network and Cloudician Launch Privacy-First Petnet Node
Ethereum could rally 17% amid Bitwise thesis on ETH contrarian bet
Ethereum could rally 17% amid Bitwise thesis on ETH contrarian bet
Shiba Inu
Solana Unveils “Seeker” Phone: Will SOL Spike To $250 Now?
- Advertisement -
mycryptopot

You Might Also Like

Ethereum (ETH) Just Broke Biggest Hurdle, What's Next?
Ethereum

Ethereum (ETH) Just Broke Biggest Hurdle, What’s Next?

November 16, 2024
Ethereum
Ethereum

Ethereum’s Average Staker Revenue Drops Sharply As Network Activity Declines

September 19, 2024
ETH Plunges 13.40%, Then Whipsaws: $330M in Liquidations—Price Analysis
Ethereum

ETH Plunges 13.40%, Then Whipsaws: $330M in Liquidations—Price Analysis

March 18, 2025
Ether Hits $4,000 as Coinbase Premium and Ethereum Active Addresses Surge
Ethereum

Ether Hits $4,000 as Coinbase Premium and Ethereum Active Addresses Surge

December 6, 2024
Mycryptopot

"Welcome to MyCryptoPot, your go-to source for the latest insights and developments in the ever-evolving world of cryptocurrency.

Editor Choice

Bitcoin Major Buyers Revealed by On-chain Data: Details
Asia FX weakens with dollar near 2-year peak ahead of payrolls data
Trump’s crypto reserve faces backlash over ADA and XRP inclusion

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook Twitter Telegram
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Reading: Trump Crypto Project Buys 722 Ethereum Worth $2.5M Amid Dip
Share
© 2024 All Rights reserved | Powered by Crypto My Crypto Pot
Welcome Back!

Sign in to your account

Lost your password?