#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, purchasing over 18,700 ETH in the past few weeks, worth over $63 million. After launching its WLFI token, the project used funds raised from the public offering to buy a large amount of ETH, which it deposited into Coinbase. This move has sparked market attention, with many believing the Trump family is using its influence to push up the price of ETH.
Ace Hot Topic Analysis
Analysis
Recently, the DeFi project World Liberty Financial (WLFI), backed by the Trump family, has sparked heated discussions in the market. Its continuous accumulation of ETH in recent times has caused fluctuations in the ETH price. According to on-chain data monitoring, WLFI has purchased large amounts of ETH through platforms like Cowswap multiple times in the past few weeks, totaling over $106 million. Among these transactions, the most notable was on the morning of January 20th, when WLFI purchased $15.93 million and $11.92 million worth of ETH through Cow Protocol in two separate transactions within a few hours, acquiring a total of 8,363 ETH. Currently, WLFI holds over 28,630 ETH, valued at approximately $92.49 million.It is noteworthy that while accumulating ETH, WLFI has also been actively conducting a public offering of its WLFI tokens and has secured investment from entities like Tron DAO. Some analysts believe that WLFI's ETH accumulation might be intended to stabilize its token price and attract more investors to its project. However, there are also doubts about WLFI's true intentions, with some speculating that it might be manipulating the market to inflate the ETH price and benefit from it.At present, the impact of WLFI's accumulation on the ETH price remains unclear, but it has undoubtedly introduced new uncertainties to the market. WLFI's future actions will continue to be closely watched by the market, and its impact on the ETH price deserves further observation.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family's crypto project World Liberty Financial continues to accumulate ETH, viewing it as a long-term investment.
World Liberty Financial is using ETH purchases to enhance the value of its project and potentially utilize ETH as fuel for its DeFi projects.
The Trump family may leverage their influence to drive up ETH prices and profit from it.
World Liberty Financial's ETH buying behavior could trigger market interest in ETH and push ETH prices higher.