World Liberty Financial (WLF) has acquired four Ethereum Name Service (ENS) domains associated with the Trump family. This acquisition marks an intriguing time for the crypto industry.
World Liberty Financial Purchases ENS Domains
On Sunday, January 19, World Liberty Financial acquired four ENS domains: worldliberty.eth, trumpcoin.eth, erictrump.eth, and barrontrump.eth. Transaction data from Etherscan shows the transfers were made to a multisig wallet of WLF.
Significant Ether Purchases
Following the ENS domain acquisitions, World Liberty Financial also purchased 14,403 ETH amounting to $48 million. These purchases brought the company's total Ethereum holdings to 33,630 ETH, valued over $107 million.
Crypto Asset Activity Ahead of Inauguration
Amidst the crypto purchases, President-elect Donald Trump and First Lady Melania Trump announced their cryptocurrencies. TRUMP and MELANIA operate on the Solana blockchain, quickly gaining market capitalization. Meanwhile, TRUMP's price dropped over 50% following MELANIA's launch.
The recent actions of World Liberty Financial and the Trump family members highlight a keen interest in crypto assets and related technologies. These developments underscore the potential of the crypto industry in the upcoming years.
