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Trump-Backed Crypto Project WLFI Breaks Even on Ethereum Holdings
Generated by AI AgentCoin World
Friday, Jan 31, 2025 10:20 am ET1min read
World Liberty Financial (WLFI), a cryptocurrency project backed by former U.S. President Donald Trump, has reportedly broken even on its Ethereum (ETH) holdings. According to on-chain data, WLFI recently acquired 2,971.4 ETH, investing a substantial amount of 10 million USDT within a 15-minute window. This transaction comes amidst an upward trend in Ethereum prices, allowing WLFI to recoup its initial investment.
WLFI's portfolio is diversified, with Ethereum comprising 67% of its holdings, followed by Bitcoin (BTC) at 23%, and various altcoins making up the remaining 10%. This strategic distribution underscores WLFI's bullish stance on leading cryptocurrencies and its commitment to a diversified investment strategy within the crypto market.
In a separate development, the balance of cryptocurrency assets in WLFI's address has exceeded $420 million, reaching $421.7 million. Ethereum assets account for 65.34% of this total, with Bitcoin assets making up 16.02%.
WLFI has also increased its ETH holdings by 2972 coins in the past 12 minutes, spending 10 million USDT to purchase the additional ETH. This latest transaction further solidifies WLFI's position as a significant player in the cryptocurrency market, with a strong focus on Ethereum.
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