Trump’s WLFI Boosts Ether Holdings During Market Storm
In a smart move, Trump’s World Liberty Financial (WLFI) platform has bought three times more Ether in the past week. This happened when Ethereum’s price dropped below $2,000 for a short time[1][2][3]. WLFI made this big investment when the market was very unstable, with worries about the global economy and big events in the crypto world, like the $1.4 billion hack of Bybit[2][3]. Meanwhile, another big crypto platform, Solana, had a lot of money leave it in February, with nearly half a billion dollars going away[5].
Why WLFI Made This Move
The crypto market has been very shaky lately, with investors being more careful because of problems in the global economy and big hacks like the one on Bybit[2][3]. WLFI saw this as a good chance to buy more of major cryptocurrencies like Ether and Wrapped Bitcoin (WBTC)[1][2].
WLFI’s latest buys include $10 million more in Ether, $10 million more in WBTC, and $1.5 million more in MOVE tokens[1][2]. This fits with WLFI’s “Macro Strategy” fund, which wants to make important cryptocurrencies like Bitcoin and Ether stronger, as they are seen as very important for changing how money works around the world[2][3]. Even with these buys, WLFI has a total unrealized loss of over $89 million across its investments in nine different tokens, according to Lookonchain data[1][3].
Why Money Left Solana
Solana, another big name in crypto, had nearly $485 million leave its platform in February[5]. This happened because investors are looking for safer places to put their money, with more predictable gains, like real-world assets that have been turned into tokens (RWA)[3][4]. Investors want safer places to put their money because they’re worried about market stability and more volatility.
What This Means for the Future
WLFI’s big buy of Ether shows that people are still interested in major cryptocurrencies like Ether and Bitcoin, even when the market is very unstable. Soon, there’s going to be a big meeting at the White House about crypto, where Trump will talk to important people in the crypto world. This meeting will likely talk about the recent investments and the future of cryptocurrencies in the U.S. financial system[5]. Joseph Lubin, who helped create Ethereum, thinks the Trump family might build big businesses on Ethereum and even use its technology in the government[1][2].
Will Crypto Have a New Era?
In short, WLFI’s big buy of Ether shows that people are still investing in major cryptocurrencies even when the market is very unstable. As the crypto world keeps changing, with big events like the White House crypto meeting coming up, it’s hard to say what will happen next. If blockchain technology becomes more common in regular finance and the government uses it, it could be a new era for crypto. But it also raises questions about clear rules and market stability.
Sources: Bitget, TradingView, Cointelegraph, AInvest