The cryptocurrency market has once again collapsed today. As Ethereum fell below 3,400 USD, the Trump family's DeFi project World Liberty Financial spent 2.5 million USDT to increase its position by 722 ETH early this morning.
The cryptocurrency market has once again plummeted today, with Bitcoin briefly dipping to 95,682 USD. Ethereum's decline is even more severe, with total liquidation amounts reaching 1 billion USD, affecting over 300,000 people.
It is worth noting that just as Ethereum prices plummeted, the Trump family's DeFi project World Liberty Financial (WLF) re-entered the market. Due to WLF's recent multiple purchases of altcoins leading to significant price increases, this transaction has attracted considerable market attention.
Ethereum plummeted by 10%
According to Binance spot market data, after briefly rising to 3,720 USD yesterday afternoon, Ethereum began to decline and fell below 3,400 USD around 4 AM today, reaching a low of 3,326.8 USD, with a drop of more than 10% during this period.
As of the deadline, Ethereum is still holding at the 3,400 USD level, currently priced at 3,403 USD, down 6.9% over the past 24 hours.
World Liberty Financial increased its position by 2.5 million USDT in ETH
Just as Ethereum prices were falling, Lookonchain monitored that WLF spent 2.5 million USDT to purchase 722 ETH around 7 AM today, with an average price of about 3,460 USD.
The last time WLF made a significant purchase of Ethereum was on December 12, when it spent 10 million USDC at an average price of 3,801 USD to buy 2,631 ETH.
Total holdings exceed 75 million USD
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 USD in cryptocurrency, with the top five altcoins being:
