World Liberty Financial (WFF) raised $48 million worth of Ethereum in an eight-hour buying session from Sunday afternoon into the evening.
The purchases come as the Trump family continues to shake up the crypto industry. The meme coin starts at the end of the week.
The platform bought 14,403 ETH at an average price of $3,300; Data From the Arkham Intelligence shows. This brings Trump's total holdings in ETH to 28,612, which is roughly $109 million at current prices.
“Wait till you see what they do tomorrow” Eric Trump Posted At X, tagging the project after the first transactions appear.
No further details were given on what to expect. Decrypt reached out to the project to learn more.
WLF stock moved nearly $60 million last Tuesday following the project's announcement. Writing on X That this is part of the venture's standard “treasury management” for its actions.
This “includes the payment of fees and expenses” and “working capital requirements,” the project explained, as estimates of business activity began to circulate on social media.
“The timing is notable given the recent Trump-related activity on Solana,” said Presto Research analyst Min Jung. Decrypt.
Expanding on that point, WLF “seems to be acting more like a fund than a DeFi or DEX-style protocol,” Jung said. “The size and timing of these purchases suggest preparation for a major market move or platform upgrade.”
First follow-up minutes later at DecryptWLF X is described It has “sold 20%” of its token offering. Citing “great interest and demand”, WLF confirmed the decision to launch an “additional 5% token offering”.
“To celebrate the successful launch $TRUMP, We decided to distribute 5% $WLFI Delivery among our community,” read a separate tweet from the WLF account on X.
The total holdings of the WLF tracker on Arkham in ATH, USDC, USDT and many other assets has now increased from $187 million to $235 million at press time.
Trump's influence
After President-elect Donald Trump's victory rally in Washington, DC, a Solana-based meme related to Melania Trump was coined. It started on Sunday afternoon.
Hours before the Melania Trump meme started coining, Donald Trump Jr He said he deserved it. On X, the family is “very proud” of what they've continued to do “in crypto,” branding World Freedom Financial and marking his father's official Trump meme coin.
World Liberty Financial did not immediately respond to a request for comment about the latest purchases, the token sale or Eric Trump's mock ad.
This story is developing and will be updated as more information becomes available.
Edited by Sebastian Sinclair
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