Trump-Backed WLFI Boosts ETH Holdings to $297M, Bullish on Crypto

The Trump-backed crypto project, World Liberty Financial (WLFI), has significantly increased its Ethereum (ETH) holdings, acquiring 2,971.4 ETH within a 15-minute window on January 31st. This transaction, valued at 10 million USDT, comes amidst an upward trend in ETH prices, allowing WLFI to recoup its investment.

WLFI's strategic investment in ETH is part of a broader portfolio diversification strategy. As of January 31st, WLFI has allocated a massive $297 million across eight digital assets, with ETH comprising 67% of its portfolio, followed by Bitcoin (BTC) at 23%, and various altcoins making up the remaining 10%. This 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, on-chain data from Arkham Monitor revealed that WLFI spent 10 million USDT to purchase 2,972 ETH on the same day. This transaction further solidifies WLFI's position as a significant player in the crypto market, with its crypto holdings surpassing $420 million. As of January 31st, WLFI's Ethereum assets account for 65.34% of its total crypto holdings, with Bitcoin assets accounting for 16.02%.

Analysts have noted that WLFI's strategic investments in ETH and other leading cryptocurrencies align with its bullish stance on the crypto market. As the crypto market continues to evolve, WLFI's diversified investment strategy may prove to be a successful approach in navigating the dynamic landscape of digital assets.