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Trump-Linked WLFI Buys $4.5M in ETH and WBTC as ETH Soars
By: cryptosheadlines|2025/05/10 13:15:05
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com In January, WLFI purchased $47 million worth of ETH and an equal amount in WBTCIn March, WLFI conducted a $590 million token saleEthereum rose by approximately 20% in the last 24 hoursA recent on-chain transaction has drawn attention to World Liberty Financial (WLFI), a cryptocurrency venture associated with the US President Donald Trump. An X post by Lookonchain seems to show a wallet, believed to be linked to WLFI, acquiring 1,587 ETH (valued at around $3.5 million) and 9.7 WBTC (approximately $1 million).World Liberty Financial is a decentralized finance (DeFi) platform counts Eric Trump and Zachary Folkman among its co-founders. The project has been active in the crypto space, making big acquisitions of major cryptocurrencies. For instance, this January, WLFI purchased $47 million worth of ETH and an equal amount in WBTC to commemorate Trump’s inauguration.Then, in March, WLFI held a $590 million token sale, with notable figures like Justin Sun participating. The project’s stablecoin, USD1, is fully backed and dollar-denominated, with a goal to compete with established stablecoins like USDT and USDC.Looking at those previous acquisitions, along with the ETH and WBTC one from today, it seems that WLFI is on a continuous strategy plan to bolster its crypto holdings. It could also mean that these acquisitions are done to enhance liquidity for their DeFi platform and stablecoin operations.Ethereum Gets Pectra Upgrade Boost, Bitcoin RalliesThe timing of WLFI’s purchase coincides with ETH’s price spike, as the cryptocurrency rose by approximately 20% in the last 24 hours, currently priced at $2,359. This boost is largely attributed to the successful implementation of the Pectra upgrade, which introduced 11 Ethereum Improvement Proposals aimed at bettering transaction speed, cost efficiency, and staking capabilities.This Pectra upgrade has led to Ethereum’s largest single-day gain in four years, with its market capitalization now nearing $300 billion.Also, Bitcoin experienced a notable rally, surpassing the $100,000 mark for the first time since February 2025, with its current price sitting at $103,694. There are several factors that contributed to the bullish momentum, and the announcement of a trade deal between the US and the UK is likely one of them.Furthermore, spot Bitcoin ETFs have seen record inflows, exceeding $40 billion, which indicates a strong institutional interest.In any case, it will be interesting to see if WLFI acquires any other cryptocurrencies in the future, as many of them are experiencing price spikes at the moment.Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Source link
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