As a seasoned researcher with years of experience in the crypto market, I find myself intrigued by World Liberty Financial’s (WLFI) strategic moves amidst the ongoing downturn. The project’s recent acquisition of over 1,481 Ethereum (ETH) at an average price of $3,374.79 is a bold move that showcases its confidence in the long-term potential of ETH.
During the current slump in the cryptocurrency market, World Liberty Financial (WLFI), a blockchain-based financial initiative linked to then-President-elect Donald Trump, has been expanding its Ethereum (ETH) investments.
As an analyst, I’ve just uncovered some fascinating insights from Etherscan. Today, our project managed to amass approximately 1,481 Ether, demonstrating our commitment to our strategic approach: capitalizing on market downturns by making purchases.
Donald Trump’s World Liberty Financial Buys More ETH
Over the course of December, World Liberty Financial has consistently been buying Ethereum (ETH), utilizing USD Coin (USDC) for these transactions. On a particular Monday, they added 759 ETH to their holdings, with an average cost per ETH of around $3,651. This acquisition amounted to approximately $2.5 million in total.
Currently, the Ethereum holdings of WLFI amount to 16,362 ETH, which is equivalent to approximately $54.62 million. However, fluctuations in the market have diminished the potential Ethereum profits for WLFI.
Trump’s World Liberty(@worldlibertyfi) spent 2.5M $USDC to buy 759 $ETH again 20 minutes ago.
So far, #WorldLiberty has bought a total of 9,587 $ETH($35M) at an average price of $3,651.
Their loss on $ETH has narrowed to $3.4M.
— Lookonchain (@lookonchain) December 20, 2024
As a researcher examining our crypto portfolio, I’ve noticed that although the broader market has seen a downturn in crypto prices, our cumulative Ethereum (ETH) purchases amount to an impressive $35 million. This equates to an average cost per ETH of approximately $3,651. However, the recent price dip has brought about a silver lining for our Ethereum-focused project – our losses have narrowed significantly. They now stand at around $3.4 million, representing a substantial decrease from initial projections.
Diversified Holdings and Recent Purchases
The WLFI cryptocurrency holdings extend beyond Ethereum. In addition, the project owns approximately $9.83 million in Wrapped Bitcoin (WBTC), $1.84 million worth of AAVE tokens, and a total of $1.75 million in Chainlink (LINK) tokens.
Moreover, WLFI owns investments in lesser-known cryptocurrencies such as ENA and ONDO, with valuations of approximately $740,000 and $230,000 each.
1,481 ETH worth approximately $4.9 million has just been added to our project at an average price of around $3,375 each. This brings our total Ethereum purchases in December to more than 9,500 ETH. Furthermore, following Coinbase’s announcement about delisting the asset, WLFI traded $10.4 million of their cbBTC for Wrapped Bitcoin.
Justin Sun’s Involvement Boosts Project
Last month, the project experienced a significant financial enhancement when Justin Sun, founder of Tron blockchain, became its primary investor, injecting $30 million into WLFI tokens. This investment raised the total token sales to an impressive $50 million. Prior to this, the project had only managed to sell roughly a fourth of its intended $300 million goal for WLFI tokens.
The participation of well-known individuals such as Sun has attracted focus towards the project. Experts in blockchain analysis propose that obtaining high-value tokens, like Ethereum and Bitcoin, could boost investor confidence in WLFI. Nevertheless, the project’s lasting success depends on its capacity to generate income and reach its token sale goals.
Whales start accumulating $ETH after the market rebounds!
Over the last half hour, it appears that four newly used wallets (possibly connected to a large investor) have taken out approximately 8,440 ETH, worth around 28.43 million dollars, from Binance.
Address:
0xa7c8823c2d8CAF8C86F1F572Ac6902964c109bb4
0xf2500B6014dfe916B8e7706434e21B5FB2191A15…— Lookonchain (@lookonchain) December 20, 2024
At the same time, WLFI’s acquisitions occur while Ethereum’s price stays close to $3,300. Analysts anticipate additional price fluctuations in the run-up to the holiday season. Some experts believe that significant whale purchases, such as today’s 8,440 ETH ($28.43M), along with robust on-chain indicators, may push Ethereum prices up to $5,000 by December’s end.
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2024-12-20 19:31