World Liberty Financial Acquires $10M in Ethereum and $2.65M in Tron
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Highlights:
- Trump’s WLFI has increased its Ethereum and Tron holdings after spending $12.65 million in token purchases.
- With the amount spent, the investment firm increased its ETH holdings to 55.776K tokens. Its TRX stores jumped to about 40.718 million coins.
- World Liberty Financial now has $378.75 million in total assets.
Donald Trump’s family-backed crypto investment platform, World Liberty Financial (WLFI), is making headlines again after completing a new set of digital assets purchases. According to Spotonchain, the investment outlet invested $10 million in Ethereum (ETH) and another $2.65 million in Tron (TRX).
With the amount spent, the Trump-backed company added 3,079 ETH tokens to its crypto holdings, bringing its total Ethereum stores to about 55.776K tokens, worth $188.99 million. Similarly, WLFI increased its TRX holdings by 10.61 million, which spiked its entire TRX stores to approximately 40.718 million tokens, valued at $10.48 million.
In the same tweet, Spotonchain mentioned that over the past four days, WLFI has spent $181 million on token purchases. In addition to TRX and ETH, the investment firm bought Wrapped Bitcoin (WBTC), Chainlink (LINK), AAVE, and Ethena Labs (ENA).
World Liberty Financial (@worldlibertyfi) further purchased 3,079 $ETH ($10M) and 10.61M $TRX ($2.65M) ~4 hours ago!
In the past 4 days, the fund has invested $181M across 6 tokens: $ETH, $WBTC, $TRX, $AAVE, $LINK, and $ENA.
With the latest events—SEC officially rescinds SAB… https://t.co/tYc79GbJ8G pic.twitter.com/GsSEFlDgQP
— Spot On Chain (@spotonchain) January 24, 2025
WLFI Total Valuation Soars to $378.75 Million
Overall, the data on Arkham Intelligence revealed that the entire valuation of the over 150 tokens in WLFI’s wallet has reached $378.75 million. Ethereum remains the most valuable asset in the wallet, followed by WBTC. For context, the investment firm has 551.717 WBTC, worth approximately $57.64 million.
Some other valuable assets in WLFI’s crypto stores include 14,702 Staked Ethereum (STETH), worth $49.74 million; 43.921 million USD Coin (USDC), worth $43.92 million; 8.629 million Tether (USDT), worth $8.63 million; 19.399K AAVE, valued at $6.84 million, and several others.
Implications of WLFI’s Consistent Purchase
Considering the massive amounts allocated for the purchase of the different digital assets in WLFI’s wallet, it is obvious that the company seemed more focused on altcoins, especially Ethereum.
Reacting to the peculiarities of the investment firm’s purchases, several market participants are speculating that the U.S. president is placing more faith in Ethereum than Bitcoin. Therefore, it becomes safe to anticipate that the altcoins rally might soon begin with Ethereum leading the pack.
🚨BREAKING🚨
Trump-backed World Liberty Financial has just acquired 3,079 $ETH ($10M) and 10.61M $TRX ($2.65M).
Their current holdings now stand at:
I'm MEGA BULLISH on $ETH & $TRX 🚀 pic.twitter.com/NrqQpA06Op
— Evan Luthra (@EvanLuthra) January 24, 2025
Other Institutional Investors are Displaying Strong Faith in Ethereum
In a separate tweet, Spotonchain reported that aside from WLFI, other institutional investors are also buying Ethereum. Per the on-chain crypto transactions tracker, five wallets that could be linked to a single entity deposited $29.2 million USDT in HTX (formerly known as Huobi) since November 2024.
After moving the USDT into the exchange, the depositor left the funds dormant until recently, when it exchanged the $29.2 million for 9,018 ETH tokens. Spotonchain added that the transaction occurred amid ETH’s price dip to $3,237.5. While the on-chain tracker does not know the entity controlling the wallet, it speculated that the Tron founder, Justin Sun, might be the anonymous investor.
Spotonchain wrote:
“Is that you, Justin? You seem focused on reforming the Ethereum Foundation, aiming to push ETH to $10K!”
More institutions are accumulating $ETH!
In the past 19 hours, 5 wallets (likely one entity) deposited 29.2M $USDT to #HTX and withdrew 9,018 $ETH at ~$3,237.5 during the dip.
Interestingly, these wallets withdrew the $USDT from HTX on Nov 20, 2024, holding it for 2 months… pic.twitter.com/7sEByhpb6z
— Spot On Chain (@spotonchain) January 24, 2025
Ethereum’s Price Reactions Amid Accumulation Surges
Ethereum has jumped by 5.9% in the past 24 hours and is changing hands at approximately $3,400. Within the same timeframe, Ethereum’s minimum and maximum price limits fluctuated between $3,192.05 and $3,410.86, respectively. The price extremes underscore ETH’s marked surge in the short interval.
Following the considerable increments, Ethereum’s market capitalization has reached $410.56 billion. Its 24-hour trading volume has also spiked about 66.81% with a $35.71 billion valuation.
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