The market price surges are driven by World Liberty Financial’s investment of $109.1M in six cryptocurrencies: ETH, WBTC, TRX, AAVE, LINK, and ENA.
World Liberty Financial has increased its investment activity by investing $109.1 million in six cryptocurrencies in a single day. To acquire 7,022 ETH valued at $23.5 million, 174.1 WBTC valued at $18.8 million, and 5.037 million ENA tokens valued at $4.7 million, the fund allocated $47 million within the past hour. This acquisition follows the acquisition of TRX, AAVE, and LINK for a total of $14.1 million.
World Liberty Financial invests $109 million in cryptocurrency, acquiring ETH, WBTC, TRX, and AAVE
World Liberty Financial has spent $109.1 million on six cryptocurrencies in a single day, according to the blockchain analytics platform Spotonchain. This comprises $47 million allocated within the last hour to acquire 7,022 ETH valued at $23.5 million, 174.1 WBTC for $18.8 million, and 5.037 million ENA tokens valued at $4.7 million.
The fund’s position in the crypto market was fortified by its $14.1 million investment in TRX, AAVE, and LINK earlier in the day.
Over the past 24 hours, the fund has invested $71.5 million in Ethereum, purchasing 21,425 ETH at an average price of approximately $3,337. World Liberty Financial has steadily increased its positions in various assets over the past three days.
The Trump initiative increased its total Ethereum holdings by purchasing 14,403 Ethereum, as indicated in a previous CoinGape report. This substantial acquisition emphasizes Donald Trump’s confidence in Ethereum. In the past seven days, the price of ETH has increased by 9% amidst a 117% increase in trading volume. Furthermore, Eric Trump’s indications of additional investments have increased traders’ optimism.
Diversifying with TRX, AAVE, and LINK
World Liberty Financial acquired 19.3 million TRX, 13,261 AAVE, and 177,928 LINK for $4.7 million earlier in the day. The fund’s strategic diversification across leading blockchain networks, such as Ethereum and TRON, is evidenced by these transactions, which were concluded within 20 minutes.
The acquisitions resulted in immediate price increases for the tokens, with TRX rising by 3.2% to $0.244, AAVE increasing by 6% to $347, and LINK gaining 2.7% to $25.80. The trading activity for these assets also experienced a significant increase, with Binance, Coinbase, and Kraken reporting substantial increases in trading volumes.
TRON DAO’s Persistent Investment in WLFI
In parallel, TRON DAO, under Justin Sun’s leadership, invested an additional $15 million to acquire 1 billion WLFI tokens, thereby bringing its total holdings to 3 billion WLFI, equivalent to $45 million. Sun also declared his intention to increase TRON DAO’s investment in World Liberty Financial to $75 million, reaffirming his dedication to the platform.
The most significant independent holder of WLFI, TRON DAO, was confirmed by blockchain data, with a 3% stake in the token’s total supply. This considerable backing indicates that institutional confidence in World Liberty Financial’s vision is increasing.
World Liberty Financial’s significant market activity has been precipitated by its aggressive investments in TRX, AAVE, LINK, ETH, WBTC, and ENA. TRON and Ethereum blockchains have experienced an increase in active addresses and large transactions, indicative of a growing level of interest.
Furthermore, Justin Sun expressed his opinion regarding Donald Trump’s cryptocurrency investments and initiatives, stating,
“Building the Treasury for the Future of America”
It is essential to mention that the First Lady, Melania Trump, introduced her own MELANIA meme coin after Donald Trump launched his meme coin earlier. Within hours, the MELANIA meme coin soared to $13 and a $2 billion market valuation. This resulted in significant market fluctuations, with the TRUMP coin experiencing a 35% decline amid intense sell pressure, indicative of the elevated volatility.
