Trump’s WLFI tripled Ether’s Ether in a week in the middle of the market collapse
The decentralized financial platform (DEFI) linked to US president Donald Trump significantly increased its ether holdings over the past week as cryptocurrency prices briefly sank below $ 2,000.
Trump’s World Liberty Financial (Wlfi) Defi The platform is its tripled ether (Eth) Handles over the past seven days as ETH fell under $ 2,000 psychological marks, upside down from $ 1,991 on March 4, shows shows in cointelegraph market data.
ETH/USD, 1-month chart. Source: Cointelegraph
Data provided By Arkham Intelligence shows WLFI now holds about $ 10 million more than ether than a week before. The latest acquisitions also include an additional $ 10 million in Bitcoin wrapped (Wbtc) and $ 1.5 million in Movements of motion (move).
Source: Arkham Intelligence
Trump’s DeFI platform is currently sitting in a total of unlucky loss of more than $ 89 million throughout the nine tokens that it has invested, showing the lookonchain data.
Source: Lookonchain
The purchase of sinking has come over a period of increased volatility on the market and investor concerns, driven by both macroeconomic concerns and crypto -specific events, including $ 1.4 billion bybit hack In Feb. 21, The biggest exploitation in crypto history.
Recent sinking also resulted in a “wider Flying towards safety In crypto markets, “motivate investors to find safer properties with more unpredictable produce, such as tokenized real-world assets (Rwa)According to a Binance research report shared with cointelegraph.
Related: Can Ether above recover above $ 3K after a massive $ 1.4B hack bybit?
WLFI by Trump launched the “Macro Strategy” fund for Bitcoin, Ether, Altcoins
WLFI’s latest digital asset investment occurred almost a month after the platform released the “Macro Strategy” fund for Bitcoin (Btc)Ether and other cryptocurrencies “ahead of reshaping global finance.”
According to In a February 11 announcement, the fund aims to strengthen those projects and expand their duties in the emerging financial ecosystem:
“Also, we are building a legume that bridges the worlds of traditional and decentralized finances, setting new standards for the industry.”
The fund aims to “enhance stability” by varying -platform holders in a “spectrum of tokenized assets” to ensure an “elastic financial system” and invest in “emerging opportunities within the Defi Landscape.
Source: Wlfi
The announcement arrived three weeks after the wide imagination “Giant” business in EthereumAccording to Joseph Lubin, Ethereum co-founder and the founder of Consensys.
Related: Solana saw $ 485M outflows in February as the crypto capital fled ‘safety’
“Based on what I know, the Trump family will build one or more giant businesses in Ethereum,” Lubin wrote. “The Trump administration will do what is good for the USA, and it involves ETH.”
Lubin suggested that the Trump administration may eventually include Ethereum technology in government activities, similar to the current use of Internet protocols.
Ether is currently WLFI’s largest handling, followed by $ 14.9 million worth of WBTC and $ 13.2 million worth of USDT (USDT) Stablecoin.
https://www.youtube.com/watch?v=Q980_6DJFyu
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