World Liberty Financial’s $48M Ethereum Spree
world free finance (WLF) made headlines for buying $48 million in Ethereum (ETH) in 8 hours. The buying spree occurred between Sunday afternoon and evening and shows the platform’s active investment in cryptocurrencies.
The platform purchased 14,403 Ethereum coins at an average price of nearly $3,300 per token. With this acquisition, the Trump-affiliated project now holds a total of 28,612 ETH, which is worth nearly $109 million at current exchange rates.
The buying spree follows a weekend of activity in the cryptocurrency space linked to the Trump family. Over the weekend, the family made waves in the industry by launching back-to-back meme coins including $TRUMP and $MELANIA. The launch of these tokens has rocked the crypto community, fueling speculation about its next move.
36-year-old token $TRUMP surpasses $SHIB to become second largest meme coin
Eric Trump hinted in a post on X that big things are coming. “Wait until you see what they’re going to do tomorrow,” he said, pointing to the project’s account in an attempt to tease fans. However, with no other news released, many are unsure of what will happen next.
WLF’s move to acquire Ethereum comes after the project clarified its recent activities. Just days before the Ethereum purchase, the platform moved around $60 million worth of assets, sparking speculation about the reasons behind the sudden move. WLF explained that these transactions were part of its normal “treasury management” operations.
Money management involves “paying fees and expenses” and meeting “working capital requirements”. While speculation is still circulating, this explanation helps put to rest some rumors about trading activity on the platform.
Presto Research analyst Min Jung pointed out that WLF’s recent actions indicate that the platform behaves more like a fund rather than a decentralized finance (DeFi) platform or decentralized exchange (DEX). Jung mentioned that the size and timing of the acquisition indicate that WLF may be preparing for a major market shift or platform upgrade.
Trump’s impact on meme coins
The Trump family’s involvement in cryptocurrencies has had a significant impact on the market. A Melania Trump-based meme coin (called Melania Trump Token) was launched on the Solana blockchain following President-elect Donald Trump’s victory rally in Washington, D.C.
Donald Trump Jr. shared his pride in his family’s achievements in cryptocurrency on The recognition adds fuel to the excitement surrounding the family’s growing influence in the cryptocurrency space.
Minutes after World Liberty Finance first tracked its purchase of Ethereum, the platform has made another move. WLF revealed that it has sold 20% of its token supply. The platform cited “substantial demand and overwhelming interest” as the reason for the sale. It also announced plans to release an additional 5% of the token supply, further increasing the token’s trading volume.
These measures resulted in a significant increase in WLF’s total shareholding. The value of assets including Ethereum, USDC, USDT, etc. has soared from $187 million to $235 million. This dramatic growth suggests that the platform’s actions are having a significant impact on its financials and could be a sign of further growth.
WLF’s continued development, especially its recent purchases and token sales, has fueled widespread speculation. With the participation of the Trump family, the planned actions have attracted great attention from cryptocurrency enthusiasts and investors. As events unfold, many are eager to see what WLF’s next move will be in the cryptocurrency market.
final thoughts
World Liberty Financial’s recent purchase of Ethereum and its connection to the Trump family is making waves in the crypto world. With major changes in the market and growing interest in its memecoin, WLF’s next move is highly anticipated. More details are expected to emerge in the coming days as the impact of these actions continues to evolve.
