World Liberty Financial Expands Its Crypto Portfolio with Ethena (ENA) Acquisition

World Liberty Financial, the Trump family's cryptocurrency initiative, continues to expand its portfolio with significant crypto acquisitions.

Trump Family’s Crypto Initiative Adds 231K Ethena Tokens to Its Portfolio

The Trump family's cryptocurrency initiative, known as World Liberty Financial, continues to expand its digital asset portfolio with substantial acquisitions in the crypto market.

According to blockchain intelligence platform Arkham, on December 18, a project wallet, identified as "WLFI," purchased 231,726 Ethena (ENA) tokens for 250,000 USDC. This transaction was recorded on the blockchain at 19:55:35 UTC.

With this latest acquisition, World Liberty Financial now holds a total of 741,687 ENA tokens. This demonstrates the project's ongoing commitment to building a diverse portfolio of digital assets, ranging from stablecoins to DeFi tokens and metaverse land NFTs.

This latest move by World Liberty Financial comes on the heels of Ethena Labs announcing a partnership with the Trump-backed firm to integrate Ethena's sUSDe as a fundamental collateral asset.

As previously reported by The Crypto Basic, on December 16, the project's multi-signature wallet exchanged 500,000 USDC for 509,955 ENA tokens. The average purchase price during this acquisition was around $0.98 per token.

World Liberty Financial Previous Activity

The WLFI wallet has also been actively diversifying its portfolio beyond stablecoins and Ethereum. Its holdings include Chainlink, Aave, Ondo, and Coinbase Wrapped Bitcoin (cbBTC), collectively valued at nearly $45 million as of December 16.

Previous acquisition details reveal significant investments, including:

Conversion and Market Activity

It is also interesting to note that as of today, World Liberty Financial has converted its entire holdings of 103 cbBTC into 103.149 WBTC through Cow Protocol. This move follows the delisting of WBTC from Coinbase due to its association with Justin Sun.

The timing of these transactions aligns with a period of heightened market activity for Ethena. Between December 16 and December 18, ENA's price fluctuated significantly, dropping from $1.30 to a low of $1.01.

During this dip, expert analyst Ali Martinez observed a substantial whale accumulation of approximately 36.55 million ENA tokens, suggesting increased interest from institutional players. Currently, the price of ENA has rebounded to $1.14, reflecting a 5.83% increase in the last 24 hours and a 4.35% gain over the past week.

During the recent price dip, whales bought over 36.55 million #Ethena $ENA!

pic.twitter.com/U410ClRCbW

— Ali (ali_charts) December 18, 2024

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