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Donald Trump’s WLFI Buys the Dip with $2.5M Ethereum Snapped Up
World Liberty Financial (WLFI), a decentralized finance venture linked to President-elect Donald Trump, has significantly increased its Ethereum holdings despite the ongoing market downturn. According to recent blockchain data, WLFI acquired 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’s purchase marks a significant expansion of its Ethereum portfolio, which now totals 16,362 ETH, currently valued at $54.62 million. Although Ethereum’s market price fluctuations have impacted the portfolio’s returns, WLFI has managed to reduce its losses to $3.4 million, down from earlier projections. To date, the project has spent a staggering $35 million on Ethereum acquisitions, maintaining an average purchase cost of $3,651 per ETH.
Etherscan data reveals 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 move is seen as a bold play by WLFI to “buy the dip,” a trading tactic that involves purchasing an asset at its lowest point in hopes of reaping significant returns when the market recovers.
Source: www.cryptonewsz.com
