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World Liberty Financial Expands Holdings with More WBTC and MOVE Tokens
In a recent move, World Liberty Financial has expanded its holdings by acquiring more WBTC (Wrapped Bitcoin) and MOVE tokens. This bold investment decision has sent shockwaves through the crypto market, sparking intense interest in these assets.
The fund’s aggressive buying spree has resulted in significant price surges for both WBTC and MOVE. WBTC rose from $96,102 to $98,280, a 2.3% increase, while MOVE climbed from $0.56 to $0.58, a substantial 3.7% gain. The sudden rise in trading volume, with an astonishing 45% jump for WBTC and 60% for MOVE, further reinforces the market’s growing confidence in these tokens.
This major acquisition is part of World Liberty Financial’s broader strategy to accumulate cryptocurrencies and secure long-term gains. The fund has been actively accumulating crypto assets since November, stacking up a massive portfolio that now includes 63,030 ETH for $210 million, 699 WBTC for $73.54 million, 40.72 million TRX for $10 million, and 256,315 LINK for $6.7 million.
The sheer scale of these purchases underscores the fund’s unwavering faith in the cryptocurrency market’s potential. This buying frenzy has instilled growing confidence among investors, fueling a surge in on-chain activity as users clamor to get in on the action.
Technical indicators also point to a bullish outlook for both WBTC and MOVE. The Relative Strength Index (RSI) of WBTC sits at 68, indicating strong momentum but leaving room for further upside. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator signals bullish conditions, aligning with the market’s growing optimism.
MOVE’s RSI stands at a staggering 72, highlighting an influx of demand that has driven prices higher. On-chain data reinforces this sentiment, as WBTC active addresses rose by 10% and transaction volume increased by 15%. MOVE saw a remarkable 20% spike in active addresses and a 25% surge in transactions.
These metrics collectively suggest heightened activity following World Liberty Financial’s significant investment. As the market closely watches these assets, it is likely that their performance will shape future trends.
Source: cryptonewsland.com
