In the early hours of the day, the World Liberty Financial project, linked to former US President Donald Trump, purchased 3,473 Ethereum for $13 million.
Details of the Ethereum Purchase
World Liberty Financial acquired 3,473 Ethereum for $13 million. The deal was executed across multiple wallet addresses at an average price of $3,743 per ETH. These assets were staked on the decentralized finance platform Aave.
World Liberty Financial's Asset Status
Currently, World Liberty Financial holds assets worth approximately $275.9 million, equivalent to 73,616 ETH. This purchase occurred during a time when Ethereum is gaining popularity among institutional investors. For example, on July 22, there was a net influx of $533.9 million into Ethereum ETFs.
Preparations for WLFI Coin Launch
Simultaneously, World Liberty Financial is preparing to release its cryptocurrency, WLFI coin. The project team announced that WLFI would officially launch within the next six to eight weeks. The introduction of WLFI coin is expected to strengthen World Liberty Financial’s position in the cryptocurrency space.
Recent actions by World Liberty Financial demonstrate not only their strategic approach to investing in Ethereum but also their commitment to expanding their assets through the upcoming launch of WLFI coin.
