Trump's WLFI purchased $10 million worth of Ethereum during market decline
Donald Trump's DeFi platform WLFI made a massive purchase, tripling its Ethereum holdings despite the price falling below $2,000. While the market is crashing, WLFI continues to invest heavily.
WLFI tripled its Ethereum holdings within a week
According to on-chain data, WLFI recently transferred $25 million in USDC to a newly created multi-signature wallet, indicating its intent to expand its cryptocurrency portfolio.
4,468 ETH exchanged for $10 million at an average price of $2,238 per ETH.
110.6 WBTC sold for $10 million, with each BTC priced at $90,420.
3.42 million MOVE tokens, worth $1.5 million, at $0.439 per token.
With approximately $3.5 million in USDC still available, speculation is growing that WLFI may soon continue to increase its holdings.
Currently, ETH remains WLFI's largest holding, valued at $16.34 million, followed by WBTC at $14.8 million and USDT stablecoin at $13.25 million.
WLFI faces significant losses
Despite purchasing more cryptocurrencies, WLFI still faces unrealized losses of over $89 million across 9 tokens. The cryptocurrency market is struggling due to major events and other economic issues.
Although many investors are turning to RWA for safety, WLFI has taken a different path, believing that cryptocurrencies will return in the long term.
WLFI's crypto fund expands its strategy
WLFI's recent investments were made after the launch of its macro strategy fund, which focuses on Bitcoin, Ethereum, and selected altcoins. The goal is to build a strong and balanced cryptocurrency portfolio while exploring new opportunities in DeFi.
Increasing speculation suggests that the Trump family may launch "one or more giant enterprises" on Ethereum, with Ethereum co-founder Joseph Lubin even hinting that Ethereum could be used for government operations.
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