In a move that can only be described as âletâs throw some money at this and see what happens,â 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 doesnât love a good gamble when the market is doing its best impression of a rollercoaster? đ˘
According to the blockchain analytics firm Spot On Chainâbecause apparently, thatâs a thing nowâthis latest purchase brings their total portfolio to a staggering $96.72 million. Thatâs right, folks, theyâre just shy of a hundred million. I canât even keep track of my grocery budget! đ
Now, with over $48 million in ETH, WLFI is clearly feeling optimistic about Ethereum, despite the marketâs mood swings that could rival a teenager on a sugar high. This latest buy during a dip suggests theyâre in it for the long haul, or at least until the next family vacation. đď¸
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 canât help but wonder if they have a secret stash of Monopoly money theyâre using for these purchases. đ°
Earlier today, they also announced something called Macro Strategy, which sounds like a fancy way of saying, âWeâre trying to be relevant in the crypto space.â Because nothing screams âserious investmentâ like a name that sounds like a board game. đ˛
âThis ongoing accumulation trend from WLFI is beneficial for ETH in the long run,â says a prominent trader and analyst, who probably has a crystal ball hidden somewhere. âIf other institutional investors follow suit, we might just see ETH prices soar past $4,000.â I mean, who doesnât want to see a digital currency reach heights that would make even Elon Musk raise an eyebrow? đ
Ethereum is currently the belle of the crypto ball, catching everyoneâs attention thanks to an increase in gas limits, the upcoming Pectra upgrade, and the ongoing drama over leadership changes in the Ethereum Foundation. Itâs like a soap opera, but with more numbers and fewer commercial breaks. đş
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2025-02-12 16:05