Trump’s Family Project Goes All In on Ethereum: What Could Go Wrong? 😂

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In a move that can only be described as “let’s throw some money at this and see what happens,” the Trump family-backed DeFi project, World Liberty Financial, has decided to buy over 1,917 ETH for a cool $5 million on February 11. Because, you know, who doesn’t love a good gamble when the market is doing its best impression of a rollercoaster? 🎢

According to the blockchain analytics firm Spot On Chain—because apparently, that’s a thing now—this latest purchase brings their total portfolio to a staggering $96.72 million. That’s right, folks, they’re just shy of a hundred million. I can’t even keep track of my grocery budget! 🛒

Now, with over $48 million in ETH, WLFI is clearly feeling optimistic about Ethereum, despite the market’s mood swings that could rival a teenager on a sugar high. This latest buy during a dip suggests they’re in it for the long haul, or at least until the next family vacation. 🏖️

Since the start of the year, WLFI has been on a crypto shopping spree, accumulating a total of 18.549k ETH, which is now worth $48.70 million. I can’t help but wonder if they have a secret stash of Monopoly money they’re using for these purchases. 💰

Earlier today, they also announced something called Macro Strategy, which sounds like a fancy way of saying, “We’re trying to be relevant in the crypto space.” Because nothing screams “serious investment” like a name that sounds like a board game. 🎲

“This ongoing accumulation trend from WLFI is beneficial for ETH in the long run,” says a prominent trader and analyst, who probably has a crystal ball hidden somewhere. “If other institutional investors follow suit, we might just see ETH prices soar past $4,000.” I mean, who doesn’t want to see a digital currency reach heights that would make even Elon Musk raise an eyebrow? 🚀

Ethereum is currently the belle of the crypto ball, catching everyone’s attention thanks to an increase in gas limits, the upcoming Pectra upgrade, and the ongoing drama over leadership changes in the Ethereum Foundation. It’s like a soap opera, but with more numbers and fewer commercial breaks. 📺

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2025-02-12 16:05