The cryptocurrency market plummeted again today, with Bitcoin dropping to $95,682 at one point and Ethereum falling even more sharply. The total amount of contracts liquidated across the network reached $1.003 billion, and more than 300,000 people were liquidated.
It is worth noting that just as the price of Ethereum plummeted, the Trump family's DeFi project World Liberty Financial (WLF) entered the market again. Since WLF has successfully stimulated the surge of related currencies after entering the market to purchase altcoins many times recently, this transaction has attracted great attention from the market.
Ethereum plunges 10%
According to Binance spot market data, Ethereum briefly rebounded to $3,720 yesterday afternoon, and then began to fall all the way. It fell below $3,400 at about 4 am this morning, reaching a low of $3,326.8, a drop of more than 10% during the period.
As of press time, Ethereum is still struggling to hold the $3,400 level. The price of the coin is currently at $3,403, down 6.9% in the past 24 hours.
World Liberty Financial adds 2.5 million ETH
As the price of Ethereum fell, Lookonchain monitored that WLF spent 2.5 million USDT to purchase 722 ETH at around 7 a.m. today, with an average price of about $3,460.
The last time WLF bought a large amount of Ethereum was on December 12, when it spent 10 million USDC to buy 2,631 ETH at an average price of $3,801.
Total holdings exceed $75 million
During this period, WLF also continued to buy DeFi tokens such as AAVE and ENA. According to the latest data from Arkham, WLF's multi-signature address currently holds $75.49 million in cryptocurrencies, and the top five altcoins held are:
ETH: 15,596, worth about $53.17 million
AAVE: 6,137 AAVE tokens, worth about $1.94 million
LINK: 78,387 LINK, worth about $1.81 million
ENA: 741,687 ENA tokens, worth approximately $733,500
ONDO: 134,216 tokens, worth approximately $233,540
