World Liberty Financial, a cryptocurrency project backed by Donald Trump, has recently increased its Ethereum assets by purchasing an additional 256.75 ETH for 1 million USDC. This move comes amid growing institutional demand for cryptocurrency.
Investments by World Liberty Financial in Ethereum
In its latest transaction, World Liberty Financial acquired 256.75 ETH for 1 million USDC, corresponding to an average price of $3,895 per ETH. This brings their total portfolio to 77,226 ETH, now valued at approximately $296 million. The average acquisition price is $3,294, yielding an unrealized profit of about $41.7 million.
Price dynamics and institutional interest
Today, the price of Ethereum rose by 2.08%. According to SoSoValue, Ethereum spot ETFs recorded a net inflow of $65.14 million yesterday. Over the past month, ETH has surged by 58.64%, and by 4.26% in the last week.
Future of the WLFI token
World Liberty Financial plans to launch the WLFI token within 6-8 weeks. A proposal for trading the token was approved on July 9 with 99% support. This token will be a significant step in developing the WLF ecosystem and will provide broader access for community participation.
With growing interest from institutional investors and increased trading volumes in Ethereum, World Liberty Financial continues to strengthen its market position, which may lead to significant changes in their ecosystem and new opportunities for project participants.
