- World Liberty Financial acquired 28,612 Ethereum (ETH) for $109 million, spending $20M USDC in an eight-hour spree.
- WLF transferred $60 million in assets for treasury management, including fees, expenses, and working capital.
- WLF’s assets increased from $187 million to $235 million, reflecting Trump’s growing influence in crypto ventures.
World Liberty Financial (WLF) has made a major Ethereum acquisition, spending $20 million USDC to secure 6,041 ETH at $3,311 each during an eight-hour spree on Sunday. The platform also obtained 14,403 ETH at an average price of $3,300, bringing its total holdings to 28,612 ETH, valued at $109 million.
Eric Trump’s intriguing post on X hinted at more developments, stating, “Wait until you see what they do tomorrow,” tagging the project’s account. However, the details of the anticipated move remain unclear. Efforts to contact WLF for clarification have not yet yielded a response.
Ethereum Purchase Signals WLF’s Strategic Market Move
The Ethereum accumulation follows WLF’s statement last week about transferring $60 million in assets for routine treasury management. This included paying fees, expenses, working capital needs, and addressing social media speculation about its trading activities. The explanation highlights WLF’s strategic approach to its financial operations.
Meanwhile, WLF has drawn attention due to its alignment with Trump’s crypto initiatives. Over the weekend, Trump-linked meme coins on Solana, including the official TRUMP token, created a trading frenzy, generating substantial volumes and intrigue among the crypto community.
The TRUMP token, endorsed by Donald Trump’s social media, emerged as an official Solana-based meme coin. Degen traders propelled the token’s trading volume into the hundreds of millions. Analysts suggested the timing of WLF’s Ethereum purchase aligns with broader Trump-related crypto activity, hinting at a possible strategic market move.
According to Min Jung of Presto Research, WLF’s activity resembles that of a fund, potentially preparing for a significant platform upgrade or market event. Shortly after the Ethereum purchase, WLF revealed it had sold 20% of its token supply and opened an additional 5% due to high demand.
World Liberty Holdings Hit $235 Million
Adding to the momentum, a Solana-based meme coin tied to Melania Trump launched Sunday afternoon. Dubbed Melania, the token saw an extraordinary surge of over 12,000% within 24 hours, reaching $6.70. Social media posts by Melania Trump and retweets by Donald Trump amplified the launch’s visibility.
The Melania Meme token’s distribution model reserves 35% for team vesting with a 13-month release schedule. Donald Trump Jr. expressed pride in the family’s achievements in crypto, tagging WLF and the TRUMP token, emphasizing the family’s growing influence in the digital asset space.
Total holdings tracked through Arkham Intelligence show that WLF’s assets spanning ETH, USDC, and USDT have risen from $187 million to $235 million. As the Trump family’s crypto ventures continue to unfold, WLF remains at the center of speculation and intrigue.
Read More: TRUMP Initiative Roars—Is Bitcoin’s Dominance Dimming in Favor of Ethereum?
