"Going against the trend!!! Trump's crypto project bought ETH during a market downturn, and the future is promising"
Data shows that World Liberty Financial (WLFI) purchased 722,213 ETH for 2.5 million USDC through Cow Protocol, increasing its Ethereum holdings to 155.95 million ETH, worth about $53.61 million. The purchase coincided with the decline in the crypto market after the Fed's hawkish meeting. Powell mentioned the legal restrictions on central banks not being able to hold Bitcoin at a press conference, which suppressed market expectations for Bitcoin's rise. Bitcoin briefly fell 6% after the Fed's decision, and ETH also fell, now at $3,400.
Despite the support of a potential president, the WLFI project faces challenges. Only 4% of the tokens were sold in the public sale in October, with weak demand and investment restrictions facing high wealth thresholds, which attracted market attention. In the crypto market, WLFI also purchased altcoins such as AAVE, LINK, and ENA through the CoW protocol, pushing the price of native tokens up by nearly 35%.
In addition, the performance of Ethereum ETF was unusually strong in December, attracting $1.66 billion in new investment, accounting for 74% of its total inflows. Despite market volatility, Ethereum ETFs still performed well, and BlackRock's iShares Ethereum Trust (ETHA) once set a single-day inflow record of $292 million, showing the market's long-term confidence in Ethereum.
As the crypto market continues to be turbulent, WLFI's active layout may bring more market topics in the future. For more dynamics, please follow Jiaoshou and grasp investment opportunities!
