Eric Trump Nudges Investors to Buy Ethereum as WLFI Expands Its ETH Stash

Donald Trump’s first son, Eric Trump, recently nudged investors to buy Ethereum amid the latest on-chain activity from the Trump-inspired WLFI.

World Liberty Financial (WLFI), a decentralized finance (DeFi) protocol inspired by President Donald Trump, has continued to stack the altcoin king both for operational purposes and expectations that the asset would regain bullish traction.

Recently, the DeFi protocol shifted 19,423 staked-ETH (stETH) to a new address and bought 1,826 ETH (around $5 million at the time of purchase) on Monday, according to Arkham. This notably comes as the second time WLFI has purchased ETH in bulk. In January, the DeFi protocol一口气扫入了 10,000 枚 ETH，当时价值约 2,700 万美元。

The DeFi protocol’s portfolio meteorically dropped from around $400 million to $90 million following the transaction. This sparked concerns among the crypto community, especially since a large portion of the transactions involved a shift to the Coinbase Prime address.

However, the project quickly addressed the growing speculation, reassuring users that the shuffle was not a precursor to a sell-off. WLFI tweeted that it was a routine activity and a simple stash reallocation for business purposes.

“We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements,” the DeFi protocol stated. “To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes.”

The WLFI address shifted roughly $164 million worth of wrapped Ethereum, $64 million in Ethereum, and other assets like AAVE, ONDO, MOVE, ENA, and LINK.