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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

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).

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.

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.

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