Global Freedom Financial has raised $48M in Ethereum, Doubles Holdings has raised $109M
TLDR
Global Freedom Financial bought 14,403 ETH ($48M) in 8 hours of buying, bringing total ETH holdings to 28,612 ($109M) Eric Trump on X Melania Trump hints at future growth After the official Trump Solana meme coin (TRUMP) failed, she launched her own meme coin, which WLF confirmed sold 20 percent. Token offering and additional 5% block open due to “high demand” Total holdings across assets rise from $187M to $235M in Arkham Watch
World Freedom Financial (WLF), a cryptocurrency venture with ties to former President Donald Trump, has made a major move into the digital asset space by purchasing $48 million worth of Ethereum. The purchase took place over an eight-hour period from Sunday afternoon to evening.
According to data obtained by Arkham Intelligence, the platform bought 14,403 ETH tokens at an average price of $3,300 per token. This purchase more than doubled WLF's Ethereum holdings, bringing his total holdings to 28,612 ETH, which is roughly $109 million at the current market price.
Eric Trump, the former president's son, drew attention to the platform's activity by tagging the project's account after the first transactions were made public, posting on X: “Wait till you see what they do tomorrow.” No further information was given about future plans.
Wait till you see what they do tomorrow! 🚀🚀 @worldlibertyfi
— Eric Trump (@EricTrump) January 20, 2025
This large-scale purchase of ETH follows WLF's recent treasury management activities. Last Tuesday, the project moved about $60 million in assets, which they explained on X as their normal practice to cover fees, expenses and working capital requirements.
The platform's expanding presence in the crypto market comes on the heels of the Trump family's increased involvement in digital assets. The official Trump Solana meme coin experienced a price drop on Sunday evening after Melania Trump announced her own cryptocurrency venture.
Melania Trump's announcement came via her social media channels, including X and Truth Social, promoting what she called the “Official Melania Meme.” Donald Trump later shared this announcement on his own social media. The Solana-based token surged more than 12,000% in 24 hours to $6.70, according to DX Screen data.
The WLF's recent moves suggest a change in their modus operandi. In a statement to Decrypt, Presto Research analyst Min Jung said the platform “seems to be working more like a fund than a DeFi or DEX-style protocol.” Jung pointed out that the size and timing of these acquisitions indicate that the market is ready to move or improve the platform.
The project has also taken steps to streamline its token offering. Following the ETH purchases, WLF announced a sale of 20% of its token offering on X. Citing high interest and demand from investors, the platform opened an additional 5% token offering for sale.
We are conducting routine activities of our crypto holdings, such as regular treasury management, and paying fees and expenses and meeting working capital requirements. To be clear, we are not selling tokens – we are simply relocating assets for normal business purposes. …
— WMFI (@worldlibertyfi) January 14, 2025
These measures resulted in a significant increase in WLF's total holdings. According to the WLF tracker on Arkham, the project's combined assets in various cryptocurrencies, including ETH, USDC and USDT, have grown from $187 million to $235 million.
Donald Trump Jr. has expressed his support for his family's crypto venture on X, saying they are “very proud” of their success in the crypto space. His post referenced both World Freedom Financial and his father's official Trump meme coin.
The Trump meme coin itself has seen a flurry of business. Ahead of Melania Trump's announcement, the TRUMP token nearly tripled in value from Saturday night to early Sunday, reaching $73.43. This brief rise placed it among the top 15 cryptocurrencies by market capitalization, although the price later stabilized at lower levels.
The expansion of the WLF Treasury comes as various Trump-linked crypto projects gain more attention in the market. The timing of these purchases coincides with activity in Trump-related tokens on the Solana blockchain.
The platform's growing cryptocurrency market represents a continuation of the Trump family's involvement in digital assets, which previously included NFT collections and tokens.
When contacted about the latest Ethereum purchases, token sale and Eric Trump's hint about future announcements, Global Freedom Financial did not immediately comment.
