On January 19th, World Liberty Financial, with backing from the Trump family, acquired four Ethereum Name Service domains. Could this mark the beginning of a potentially groundbreaking cryptocurrency era for Trump?
World Liberty Financial (WLFI), a cryptocurrency venture supported by the Trump family prior to becoming the 47th U.S. President, purchased four Ethereum Name Service domain names shortly before Donald Trump’s inauguration.
Among the domains obtained are worldliberty.eth, trumpcoin.eth, erictrump.eth, and barrontrump.eth. The former pair of domains are linked to WLFI and the Trump family name, while the latter two are connected to Eric Trump, Donald Trump’s second-born son, and Barron Trump, his third-born son respectively.
Essentially, ENS (Ethereum Name Service) is a system that operates on the Ethereum blockchain and turns complex Ethereum wallet addresses into easy-to-remember names, similar to how domain names work in the traditional web. This makes it simpler for users to manage their wallets and applications, as well as use them for sites built on the blockchain.
Distinguished Ethereum Name System (ENS) handles, such as trumpcoin.eth, are frequently purchased due to their recognizable brand worth and to minimize potential blunders while typing intricate wallet addresses.
It seems that the acquisition of ENS domain names was made on a secondary market, indicating they were originally bought by someone else. Upon examining the transaction details from Etherscan, it appears these domains were transferred directly to the World Liberty Multisig wallet in bulk, as opposed to typical registrations which do not support mass transfers.
Trump’s official introduction to crypto?
It’s worth noting that on January 18, 2025, Donald Trump unveiled the “TRUMP” token (officially). In its first day, it was priced at $53.51 and recorded a staggering trading volume of $44.44 billion within 24 hours, according to CoinmarketCap.
The acquisition of trumpcoin.eth by WLFI aligns with Donald Trump’s impending entrance into the crypto sphere, marking an anticipated official step. It is not accidental that WLFI bought these ENS domains just prior to Trump being sworn in as the 47th President of the United States.
By symbolically purchasing ENS names such as trumpcoin.eth for TRUMP coins, WLFI appears to be signaling a potential commitment by Trump towards cryptocurrency. This action could indicate that Trump may be taking strategic steps to establish his presence in the cryptocurrency market. The buzz about an impending Trump executive order on crypto suggests that this matter might become a national priority, further fueling speculation about Trump’s involvement in the digital currency realm.
It can be stated that WLFI has significant involvement in digital currencies. According to CoinGecko, among others, WLFI’s cryptocurrency holdings include Ethereum (ETH), Chainlink (LINK), Aave (AAVE), and Ondo (ONDO).
Previously, in December 2024, WLFI exchanged approximately $10 million worth of Coinbase-wrapped Bitcoin (cbBTC) into wrapped Bitcoin (WBTC). Meanwhile, as the political climate stirs, the PolitiFi sector, a meme coin sector linked to political events, has seen a surge of 115.7% over the past day, boasting a market capitalization of $14.1 billion.
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2025-01-20 11:39