Trump-Linked WLFI Boosts Ether Holdings Despite Market Storm
In a bold move, Trump’s World Liberty Financial (WLFI) has tripled its Ether holdings, showing a big belief in the cryptocurrency market even when it’s being shaky. This big decision comes while the crypto world is dealing with problems from the economy and recent big hacks, like the $1.4 billion Bybit hack[1][2][3]. Meanwhile, Solana is seeing a lot of money being taken out, showing that the whole market is unstable[4].
Why WLFI is Investing in Ether
The price of Ether went down below $2,000 for a short time, giving WLFI a chance to buy more Ether at a lower price[1][2]. So, WLFI bought an extra $10 million worth of Ether, along with $10 million in Wrapped Bitcoin (WBTC) and $1.5 million in Movement Network (MOVE) tokens[2][3].
WLFI’s investment plan fits with its “Macro Strategy” fund. This fund is meant to help big projects like Bitcoin and Ether, which could change how money works all over the world[2][3]. The fund wants to make the market more stable by investing in many different tokenized assets and in new ways to use decentralized finance (DeFi)[2]. Even though WLFI is having a big loss of over $89 million in its investments in nine different tokens right now, it’s still trying to make long-term plans[1][2].
Solana’s Money Leaving and Market Worries
Solana, another big player in crypto, has seen almost half a billion dollars worth of money taken out in February[4]. This means investors are moving their money to safer places because they’re worried about the market and recent scams. The whole crypto market is changing, with more people investing in stable assets like real-world assets (RWA) to get steady profits[3].
Ethereum and WLFI’s Plans for the Future
Joseph Lubin, one of the founders of Ethereum, thinks that the Trump family might build big businesses using Ethereum and even use its technology in the government[1][2]. This fits with WLFI’s big investments and its plan to work with the Sui Network to create a special SUI Reserve, showing it’s serious about using decentralized finance[5].
What’s Next for Crypto?
In short, WLFI’s decision to buy more Ether when the market is shaky shows that people still believe in big cryptocurrencies like Ether and Bitcoin. Even though WLFI is having big losses, its plan shows it wants to connect traditional and decentralized finance in the long run. As the crypto world keeps changing, with big events like the White House Crypto Summit coming up, people are still talking a lot about what cryptocurrencies mean for the U.S. financial system[1][4].
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Sources:
– Bitget
– Cointelegraph
– Ainvest
– Coin360