#Trump family crypto project buys heavily into TRX#
Hot Topic Overview
Overview
The Trump family crypto project, World Liberty Financial (WLFI), recently purchased a large amount of TRX and staked some of its ETH as stETH on Lido. According to Arkham data, WLFI spent $2.62 million on 10,809,000 TRX through Cow Protocol in the early hours of January 22nd. It currently holds a total of 30,107,000 TRX, worth $7.37 million. Simultaneously, WLFI converted 5,252 ETH (worth $17.43 million) to stETH and staked it on Lido. It now holds a total of 10,000 STETH, worth $33.06 million.
Ace Hot Topic Analysis
Analysis
Trump family's crypto project World Liberty Financial (WLFI) recently made a large-scale TRX purchase and converted some of its ETH to stETH to stake on Lido. According to Arkham data, WLFI bought 10,800,900 TRX worth $2.62 million via Cow Protocol at 5:47 AM UTC+8 on January 22nd, and currently holds a total of 30,107,000 TRX worth $7.37 million. In addition, WLFI exchanged 5,252 ETH (worth $17.43 million) for stETH and staked it on Lido, currently holding a total of 10,000 STETH worth $33.06 million. These operations indicate WLFI's bullish stance on TRX and ETH, and its desire to earn more returns by staking stETH.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Trump family's crypto project World Liberty Financial (WLFI) has made a significant purchase of TRX and staked it on Lido, indicating a bullish outlook on both TRX and Lido.
WLFI's investment activity could have a positive impact on the price of TRX, attracting more investors to TRX.
WLFI's investment strategy may carry risks, as the cryptocurrency market is highly volatile and investment returns are unpredictable.
WLFI's investment activity may spark controversy, as the Trump family's connection with cryptocurrency has drawn public attention.