World Liberty Financial, a crypto firm backed by Donald Trump and family, has purchased $10 million worth of Ethereum (ETH). The average purchase price of this latest ETH-bag was $3,325, with ETH now trading at $3,347, as per Nansen data.
Since November 2024, World Liberty has quietly acquired over 70,505 ETH, totaling $230 million.
Besides this week’s buy, World Liberty made similar $10 million ETH purchases on January 28 and 31, as revealed by Arkham Intelligence. These acquisitions come amid rising interest in Ethereum from institutional players. Consequently, this shows strong confidence from Trump’s allies in Ethereum’s long-term value.
WLFI’s Growing Footprint in DeFi
Launched in September 2024, World Liberty Financial’s connection to the Trump family has certainly helped it gain attention. Donald Trump holds the title of “Chief Crypto Advocate,” while Eric and Don Jr. are taking on the roles of “Web3 Ambassadors.”
In March, the firm raised $550 million through two major WLFI token sales. The first raised $300 million, and the second brought in $250 million. These sales drew over 85,000 investors, both in and outside the U.S. Also,75% of the net revenue from these sales flows to a Trump-affiliated company.
Trading for WLFI Set to Begin
WLFI token holders recently voted to enable public trading with an overwhelming 99.94% votes approving the proposal. Moreover, this shift opens the door to price discovery and greater investor access. Initially, only early investor tokens will unlock. A second vote will decide when the rest of the 100 billion WLFI tokens go live.
Also Read: Peter Thiel Buys 9.1% Stake in Tom Lee’s ETH Treasury Firm BitMine
