The World Liberty Financial (WLFI) project run by the Trump family has been quite active recently. Just on Wednesday, they discovered a treasure and suddenly purchased $5 million worth of ETH. After this operation, their ETH balance has dramatically increased, surpassing $50 million, with most of it accumulated in the past few weeks.
Their wallet is like a tireless little miner. About four hours ago, they swiftly conducted three transactions and acquired 1,285 ETH from CoW Swap.
Where did the money come from? It turns out it was bought using the money earned from selling WLFI tokens, mainly relying on the pile of stablecoins they hold. Moreover, they transferred the funds from the World Liberty contract address starting with 0xe217e15b all at once to the wallet starting with 0x5be9a495. This wallet is quite interesting; it only has money coming in and no money going out, like a piggy bank that’s only for savings.
Experts have analyzed that they have converted all their stablecoins to ETH, aiming to navigate the future crypto economy well. Perhaps they believe that ETH can preserve and appreciate more than the US dollar, making it a quite reliable reserve asset.
Famous Ethereum investor and advisor Eric Conner was the first to notice this. He privately messaged someone, saying: "They have converted all the stablecoins they obtained into ETH."
What’s even more surprising is that, according to Arkham monitoring, in the past 48 hours, the two financial giants BlackRock and Fidelity have also been busy, crazily buying over $500 million worth of ETH. The crypto world is getting increasingly lively and more incomprehensible!
Interactive Question: Where do you think this crypto project by the Trump family will head? Is their optimism for ETH instead of Bitcoin truly a wise bet?
