World Liberty Financial recently acquired 14,403 Ethereum worth $48 million, growing its holdings to 40,765 ETH as the price of Ethereum and trading volumes spike.
Donald Trump’s DeFi initiative, World Liberty Financial, has acquired an extensive total of 14,403 Ethereum within the past 24 hours, thereby boosting optimism in the altcoin. The project has recently invested $16 million towards its purchase of these coins and is currently realizing a profit, as the price of Ethereum has increased by 5%, reaching $3,400.
World Liberty Financial Acquires Over 14k ETH
Recent data from Arkham Intelligence indicates that WLFI invested approximately $48 million USDC to acquire 14,403 ETH, resulting in an average cost of roughly $3,333 per coin. This decision increases the total amount of Ethereum held by the firm to 40,765 ETH, valued at approximately $138.5 million.
The organization currently possesses 40,765,000 ETH, valued at approximately $138.5 million. Furthermore, World Liberty has a considerable quantity of ETH held on Coinbase, which they have recently deposited.
This recent accumulation places the suspicions that the Donald Trump DeFi Project was transferring its ETH. WLF confirmed that the transactions were merely routine transfers to new wallets that were unrelated to selling activities.
WLFI Token Sale
World Liberty Financial has successfully concluded the initial offering of its token and is now presenting additional tokens at a 230% premium, owing to outstanding demand.
Launched in September, the platform initially aimed to offer 20% of its total supply of 100 billion. Nevertheless, the initiative currently presents an opportunity to acquire an additional 5 billion units for 5 cents per unit.
Justin Sun, the founder of Tron, seized this occasion to enhance TRON DAO‘s commitment to World Liberty Financial by contributing an additional $45 million. With this recent influx of capital, TRON DAO’s overall investments in the DeFi project have now attained $75 million.
