#Trump Family Crypto Project Increases ETH Holdings#
Hot Topic Overview
Overview
World Liberty Financial, a crypto project backed by the Trump family, has been continuously increasing its holdings of ETH recently. In the past 40 minutes, it has bought 6040.6 ETH, worth $19.56 million, at an average price of $3237. The project currently holds 11,009.48 ETH, worth approximately $36.72 million. Previously, the project has also bought ETH multiple times and deposited it into Coinbase. These actions have drawn market attention, with many believing that the Trump family is using its influence to manipulate the market. There are also speculations on whether the project will continue to buy ETH and if the price of ETH will rise as a result.
Ace Hot Topic Analysis
Analysis
World Liberty Financial, a DeFi project backed by the Trump family, has recently been accumulating ETH, attracting market attention. According to on-chain data monitoring, the project has purchased ETH multiple times in the past few weeks, accumulating over 11,000 ETH worth approximately $36.72 million. The most recent purchase occurred 40 minutes ago, with World Liberty Financial spending $20 million to buy 6,041 ETH at a price of $3,311. Previously, the project also exchanged $5 million USDC for 1,555 ETH. These accumulation actions have fueled market speculation that the Trump family may be optimistic about ETH's future development and plan to allocate it as a major asset. Furthermore, TRUMP, the token issued by World Liberty Financial on Solana, has also sparked market discussion. The token surged rapidly after its launch, but subsequently experienced a decline. Nonetheless, World Liberty Financial's continuous accumulation of ETH indicates that the project remains confident in ETH.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family's crypto project World Liberty Financial is increasing its ETH holdings and sees it as a long-term investment.
World Liberty Financial raises funds by selling its token WLFI and uses those funds to buy ETH.
World Liberty Financial's ETH holdings continue to grow and now exceed 11,000 coins, worth over $36 million.
The Trump family's crypto project World Liberty Financial's ETH accumulation has had a positive impact on ETH prices and has sparked market interest in ETH.