bitcoin
bitcoin

$97593.487761 USD

-2.82%

ethereum
ethereum

$3401.489372 USD

-5.79%

tether
tether

$0.999439 USD

0.03%

xrp
xrp

$2.240060 USD

-3.15%

bnb
bnb

$668.827117 USD

-2.86%

solana
solana

$190.955973 USD

-6.72%

dogecoin
dogecoin

$0.311030 USD

-10.90%

usd-coin
usd-coin

$1.000101 USD

0.01%

cardano
cardano

$0.884361 USD

-5.77%

tron
tron

$0.243550 USD

-6.36%

avalanche
avalanche

$38.296563 USD

-7.23%

chainlink
chainlink

$22.676717 USD

-5.53%

toncoin
toncoin

$5.350934 USD

0.65%

sui
sui

$4.366400 USD

0.48%

shiba-inu
shiba-inu

$0.000021 USD

-9.68%

Cryptocurrency News Articles

World Liberty Financial (WLFI) Significantly Increases Its On-Chain Activity, Invest Millions of Dollars Into Expanding Its Crypto Holdings

Dec 20, 2024 at 02:40 pm

World Liberty Financial (WLFI), a cryptocurrency initiative linked to the Trump family, has significantly increased its on-chain activity over the past week.

World Liberty Financial (WLFI) Significantly Increases Its On-Chain Activity, Invest Millions of Dollars Into Expanding Its Crypto Holdings

World Liberty Financial (WLFI), a cryptocurrency initiative linked to the Trump family, has significantly increased its on-chain activity over the past week.

According to blockchain data, the project has invested millions of dollars into expanding its crypto holdings, including ETH, AAVE, LINK, Ethena (ENA), and Ondo (ONDO).

Fresh off a market-cooling announcement, World Liberty Financial (WLFI) has been making some large on-chain moves. A recent acquisition saw WLFI drop 722.213 ETH for $2.5 million USDC via Cow Protocol on December 20.

Given that ETH remains the largest asset in WLFI’s portfolio, this latest acquisition—coming amid the market-wide dip—elevated the project’s total ETH holdings to 15,598 ETH, now valued at $52.98 million. However, a $254.28 drop in ETH’s price since the earlier purchase has led to a $3.97 million decrease in the value of these holdings.

In addition to expanding its ETH holdings, WLFI also increased its stakes in other major cryptocurrencies last week. Notably, the project utilized $1 million in USDC to acquire 3,357 AAVE tokens at an average price of $297.8 per token on December 021.

This brings WLFI’s total AAVE holdings to 6,137 tokens, valued at $1.93 million as of December 20. Currently, AAVE's price has dropped to $314.25, resulting in a roughly $135,760 decrease in the holding’s value.

Similarly, WLFI expanded its Chainlink holdings by purchasing 41,335 LINK tokens for $1 million at an average price of $24.2 per token on December 20. Following a market-cooling announcement and a price decrease, WLFI now holds 78,387 LINK, valued at $1.81 million.

In a related move, WLFI acquired 231,726 Ethena (ENA) tokens for $250,000 USDC on December 22, also using Cow Protocol.

The transaction follows an announcement by Ethena Labs regarding a partnership with WLFI to integrate sUSDe, a synthetic stablecoin, as a collateral asset. After the latest acquisition, WLFI now holds 741,687 ENA, valued at $716,206, reflecting a roughly $151,580 decrease due to the token’s price drop to $0.97.

Furthermore, the project maintains a diversified portfolio that includes 134,216 ONDO tokens valued at $232,192, in addition to significant holdings in stablecoins such as USDC and USDT. The total portfolio value has declined to $75.32 million.

News source:thecryptobasic.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Dec 21, 2024