The DeFi project World Liberty Financial (WLF) linked with the Trump family just caught the crypto community's attention by spending $48 million to buy Ethereum in just 8 hours. This move increases the amount of ETH held by the project to 28,612 $ETH , worth approximately $109 million at current prices.
WLF accelerates ETH acquisition, preparing for what?
According to data from #ArkhamIntelligence , WLF purchased 14,403 ETH at an average price of $3,300/ETH on Sunday (US time). This is part of a strategy that WLF refers to as 'fund management,' which includes covering operational costs and preparing working capital.
Notably, Eric Trump – the eldest son of President-elect Donald Trump – posted an ambiguous status on platform X:
"Let’s wait and see what they will do tomorrow."
Currently, there are no further details from #WLF or the Trump family about upcoming plans, but this tweet has stirred the curiosity of the crypto community.
WLF attracts huge capital, opens additional token sale
Just days after announcing the sale of 20% of the total token supply, WLF confirmed it will sell an additional 5% of the supply to meet 'huge demand' from the market. The total assets of the project – including ETH, USDC, USDT, and other assets – have increased from $187 million to $235 million in a short time.
Is this preparation for a major push?
Analysts suggest that WLF appears to be operating more like an investment fund than a typical DeFi protocol. According to Min Jung, an expert at Presto Research, WLF's large volume of ETH purchases indicates that the project may be preparing for a major strategic move or platform upgrade.
This move comes just hours after Melania Trump launched the memecoin MELANIA on Solana, and Donald Trump Jr. confirmed that the Trump family is 'very proud' of what they have achieved in the crypto space.
Conclusion: The Trump effect spreads strongly
The consecutive emergence of tokens related to the $TRUMP family along with WLF's bold financial strategy is creating a significant effect in the crypto market. However, investors should closely monitor subsequent developments to better understand the true intentions of the project.
Note: Crypto investment always carries high risks. Please do thorough research before making any decisions. #anhbacong