Donald Trump’s crypto project World Liberty Financial has been throwing large amounts of all kinds of different crypto coins for weeks. Ethereum (ETH) is by far the largest position, and it was again enlarged for $ 10 million yesterday. Nevertheless, the Ethereum course remains limp on the floor.
More than $ 200 million in ETH
Last September last September, the brand new president of the United States set foot in the Cryptomarkt with the launch of World Liberty Financial. It is a Defi platform that wants to shake up the slow and outdated traditional financial sector. On the platform, users can lend crypto lending to earn interest or borrow against collateral from their coins. The driving force behind World Liberty Financial are Trumps three sons. The president himself is the so -called ‘chief crypto lawyer’.
In recent weeks, the project has often appeared in the crypto news with purchases from all kinds of different crypto currencies. Ethereum received by far the most capital, but there was also investments in, among others, Wrapped Bitcoin (WBTC), Chainlink (link) and Tron (TRX).
A few days ago, World Liberty Financial is his portfolio enlarged by $ 10 million in fresh ETH, data from Arkham Intelligence shows. This has risen to 66,721 ETH. Against the current Ethereum course, this has a value of around $ 207 million.
But as you were able to read last week, some ether is also stuck. With Liquid Strike Service Lido, World Liberty Financial contributes to the safety of the Ethereum Blockchain in exchange for rewards. It has 19,415 Staked Ether (Steth) with a value of just over $ 60 million.
Furthermore, there is $ 64 million in WBTC, $ 47 million in USDC, $ 10 million in TRX and so the list continues. The total value of all crypto coins together is $ 408 million.
Ethereum course continues to struggle
Ethereum has barely only made this bullmarkt heard of itself, and the purchases of Trump’s World Liberty Financial have also been able to give the course little color. The Ethereum price has fallen by more than 7% last week, which means that it is currently at $ 3,060.
The road to the all-time high of about $ 4,900 is getting bigger, but there is still a glimmer of hope. February and March are known as very good months for Ethereum. But yes, that was actually January.
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Source: https://newsbit.nl/trumps-cryptoplatform-koopt-nog-eens-10-miljoen-aan-ethereum/
