The DeFi platform World Liberty Financial (WLFI), associated with Donald Trump, significantly increased its Ether holdings amid recent price drops.
Increase in Ether Holdings
WLFI has tripled its Ether holdings over the past seven days after ETH price fell below the $2000 psychological threshold. The drop to $1991 occurred on March 4, as per Cointelegraph Markets Pro data. Additionally, the platform increased investments in Wrapped Bitcoin and Movement Network tokens.
WLFI Platform and Market
The total unrealized losses of the WLFI platform surpass $89 million, according to Lookonchain data. This comes amid broader market volatility and investor concerns, including the recent Bybit hack.
Strategic Platform Moves
Nearly a month before the latest investments, WLFI launched the 'Macro Strategy' fund to strengthen its positions in Bitcoin, Ether, and other cryptocurrencies. The fund aims to diversify assets and enhance the stability of the financial system.
WLFI continues its investment strategy in cryptocurrencies, increasing its holdings of Ether and other assets. This occurs amid market volatility and investors' movement towards reliable assets.
