#Trump Family Project Acquires More ETH#
Hot Topic Overview
Overview
World Liberty Financial, a DeFi project backed by the Trump family, has been steadily accumulating ETH recently. In the past few days, it has purchased ETH multiple times through the Cowswap platform, spending over $15 million in total. It currently holds 17,980 ETH, worth approximately $61.41 million. These funds are derived from its public sale of the WLFI token. The project raised over $116 million in a short period, with Tron DAO being the largest buyer. Despite the controversy surrounding the Trump family's crypto project in the market, its continuous accumulation of ETH has attracted market attention and contributed to the rise in ETH prices.
Ace Hot Topic Analysis
Analysis
Recently, the DeFi project World Liberty Financial (WLFI), backed by the Trump family, has been continuously accumulating ETH, attracting market attention. According to on-chain data, the project has purchased large amounts of ETH multiple times in the past few weeks, holding over 17,980 ETH, worth about $61.41 million. Among them, WLFI spent $11.92 million to purchase 3,494 ETH in the early morning of January 20 alone. Previously, WLFI had also purchased ETH through platforms such as Cowswap and deposited it into Coinbase. These actions have been interpreted by the market as WLFI being bullish on ETH, triggering fluctuations in ETH prices. It is noteworthy that the source of WLFI's funds is the public offering of its token WLFI, and its token price has surged after Trump's announcement. Therefore, WLFI's ETH accumulation behavior has also raised market concerns about the project's funding sources and operating methods.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family's crypto project World Liberty Financial continues to accumulate ETH, and sees it as a long-term investment.
World Liberty Financial is enhancing its project value by purchasing ETH, and may use its ETH holdings for DeFi operations.
The Trump family's ETH accumulation may have a positive impact on the price of ETH, and attract more investors to ETH.
World Liberty Financial's ETH accumulation has sparked market attention to the Trump family's crypto project and ETH, and has generated optimistic expectations about the price of ETH.