#Trump family project acquires more ETH#
Hot Topic Overview
Overview
World Liberty Financial, a DeFi project backed by the Trump family, has been consistently accumulating ETH recently. In the past 40 minutes, it has added 6,040.6 ETH, worth $19.56 million. The project now holds 11,009.48 ETH, worth approximately $36.72 million. Previously, the project had also made multiple ETH purchases and deposited them into Coinbase. This move has sparked market attention, with many believing that the Trump family is leveraging its influence to drive up the price of ETH.
Ace Hot Topic Analysis
Analysis
The DeFi project World Liberty Financial, backed by the Trump family, has been consistently accumulating ETH recently, attracting market attention. According to on-chain data, the project has purchased ETH multiple times over the past few weeks, accumulating over 11,000 ETH, worth approximately $36.72 million. The most recent purchase took place just 40 minutes ago, where World Liberty Financial spent $20 million to acquire 6,041 ETH at a price of $3,311. Prior to this, the project also purchased 1,555 ETH for $5 million. Market analysts believe that the Trump family's accumulation could positively impact the ETH price and increase market focus on ETH. However, some argue that the Trump family's accumulation might be an attempt to manipulate the market, potentially leading to price fluctuations. Currently, the market is still uncertain about the motives and impact of the Trump family's ETH accumulation, requiring further observation.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Trump family's cryptocurrency project World Liberty Financial is increasing its holdings of ETH, viewing it as a store of value.
World Liberty Financial raises funds by selling its token WLFI and uses those funds to purchase ETH.
World Liberty Financial's growing ETH holdings demonstrate its bullish sentiment towards ETH.
The Trump family's ETH purchases could positively impact the price of ETH and attract more investors to ETH.