Trump-Backed WLFI Boosts ETH Holdings to $421M Amidst Bullish Trend

The Trump-backed crypto project, World Liberty Finance (WLFI), has seen a significant increase in its Ethereum (ETH) holdings, with a recent purchase of 2,972 ETH for approximately $10 million in USDT. This transaction occurred within a 15-minute window and comes amidst a bullish trend in ETH prices, allowing WLFI to recoup its investment.

WLFI's portfolio now stands at a substantial $421.7 million, with Ethereum assets accounting for 65.34% of the total holdings. This includes 63,255 ETH and 19,412 STETH. Bitcoin assets make up 16.02% of the portfolio, with 646.715 WBTC. The remaining 10% is distributed across various altcoins, demonstrating WLFI's diversified investment strategy within the crypto market.

Analysts have noted WLFI's strategic distribution of assets, with a bullish stance on leading cryptocurrencies. The project's commitment to a diversified portfolio underscores its long-term investment strategy and potential for growth in the crypto market.