World Liberty Financial Acquires Additional Ethereum Holdings Despite Market Volatility

Donald Trump’s WLFI Buys the Dip with $2.5M Ethereum Snapped Up

World Liberty Financial (WLFI), a decentralized finance venture with ties to President-elect Donald Trump, has significantly increased its Ethereum holdings despite the ongoing market downturn. Recent blockchain data reveals WLFI’s acquisition of 759 ETH at an average price of $3,651, amounting to approximately $2.5 million. Transactions were reportedly carried out using USD Coin (USDC).

WLFI has been steadily accumulating Ethereum since December, resulting in a portfolio of 16,362 ETH currently valued at $54.62 million. Although Ethereum’s market price fluctuations have impacted the portfolio’s returns, the initiative has managed to reduce its losses to $3.4 million, down from earlier projections.

To date, the project has spent $35 million on Ethereum acquisitions, maintaining an average purchase cost of $3,651 per ETH. Etherscan data indicates that WLFI acquired 1,481 ETH in a single day as part of its ongoing strategy of capitalizing on market cycles. For the month, the organization purchased over 9,500 ETH, with the average price per ETH dropping to $3,374.79.

The recent purchase is reflective of WLFI’s “buy the dip” strategy, which involves purchasing cryptocurrencies at lower prices in anticipation of a rebound.

Source: www.cryptonewsz.com