World Liberty doubles down on Ethereum (ETH) bet as the altcoin falls

World Liberty, the crypto project backed by the Donald Trump family, has bought the dip with another $2.5 million spent on Ethereum.

Crypto project World Liberty, which is backed by the Donald Trump family, has purchased an additional $2.5 million worth of Ethereum as the coin experiences a price decline.

According to data from Arkham Intelligence, World Liberty has increased its Ethereum (ETH) holdings as the altcoin price fell along with Bitcoin (BTC) and other crypto assets.

The project, which recently acquired multiple cryptocurrencies to enhance its decentralized finance offerings, used $2.5 million in the stablecoin USDC (USDC) to purchase 759.36 ETH. Arkham data indicates that the transaction was completed via intent-based trading platform Cow Protocol, with an average purchase price of $3,651 per ETH.

World Liberty is capitalizing on the latest crypto dip to expand its altcoin portfolio. As Bitcoin dipped to below $93K on Dec. 20, Ethereum and most other cryptocurrencies followed suit. ETH dropped to around $3,100, experiencing a significant decline amid a broader crypto market sell-off.

This decline saw World Liberty’s recently acquired crypto suffering notable drops. According to smart money account Lookonchain, the Trump family project’s total loss amid the crash reached $6.15 million. Its ETH holdings saw the biggest loss with $4.86 million at the time.

Currently, World Liberty Financial holds approximately 16,400 ETH, valued at $53.73 million. In total, Arkham data shows the project’s crypto holdings are worth over $73.9 million.