Trump’s WLFI Boosts Ether Holdings During Market Storm
In a smart move, Trump’s World Liberty Financial (WLFI) has tripled its Ether holdings in the past week. They did this when Ethereum’s price dropped below $2,000[1][2][3]. This happened while the crypto market was very unstable, with big events like the $1.4 billion Bybit hack[2][3]. Meanwhile, Solana had big money leaving, almost $500 million in February, as investors looked for safer places to put their money[5].
Why WLFI Bought More Ether
The crypto market has been very up and down lately. Investors are being more careful because of big hacks and worries about the economy. The Bybit hack was the biggest ever, worth $1.4 billion, and it’s making people nervous[2][3]. During this time, WLFI bought more major cryptocurrencies like Ether and Wrapped Bitcoin (WBTC)[1][2].
WLFI’s latest buys include:
- An extra $10 million in Ether
- An extra $10 million in WBTC
- An extra $1.5 million in MOVE tokens
This is part of WLFI’s “Macro Strategy” fund, which wants to make Bitcoin and Ether stronger. These are seen as very important for changing how money works around the world[2][3]. Even with these buys, WLFI has a total unrealized loss of over $89 million across nine different tokens[1][3].
Why Money Left Solana
Solana, another big crypto platform, had a lot of money leave in February, almost $485 million[5]. This is because investors want safer assets with more predictable returns, like real-world assets (RWA)[3][4]. People are worried about the market being stable and want to avoid more big changes.
What This Means for the Future
WLFI’s buys show that people are still interested in big cryptocurrencies like Ether and Bitcoin, even when the market is unstable. Soon, there’s a big meeting at the White House about crypto, where Trump will talk to important crypto people. Ethereum’s co-founder, Joseph Lubin, thinks the Trump family might build big businesses using Ethereum and even use its technology in the government[1][2].
Could This Be a New Era for Crypto?
In short, WLFI’s buys show that people are still investing in major cryptocurrencies even when the market is up and down. As crypto keeps changing, with big events like the White House meeting coming up, we’ll see how these changes shape the future of digital money. If blockchain technology becomes more common and is used by the government, it could be a new era for crypto. But it also raises questions about rules and keeping the market stable.
Sources: Bitget, TradingView, Cointelegraph, AInvest