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Coin Edition 2025-05-10 00:25:00

Trump-Linked WLFI Buys $3.5M ETH, $1M WBTC as Ethereum Surges on Pectra Upgrade

Trump-Linked WLFI Buys $3.5M ETH, $1M WBTC as Ethereum Surges on Pectra Upgrade

In January, WLFI purchased $47 million worth of ETH and an equal amount in WBTC In March, WLFI conducted a $590 million token sale Ethereum rose by approximately 20% in the last 24 hours A recent on-chain transaction has drawn attention to World Liberty Financial (WLFI), a cryptocurrency venture associated with the US President Donald Trump. An X post by Lookonchain seems to show a wallet, believed to be linked to WLFI, acquiring 1,587 ETH (valued at around $3.5 million) and 9.7 WBTC (approximately $1 million). World Liberty Financial is a decentralized finance (DeFi) platform counts Eric Trump and Zachary Folkman among its co-founders. The project has been active in the crypto space, making big acquisitions of major cryptocurrencies. For instance, this January, WLFI purchased $47 million worth of ETH and an equal amount in WBTC to commemorate Trump’s inauguration. Then, in March, WLFI held a $590 million token sale, with notable figures like Justin Sun participating. The project’s stablecoin, USD1, is fully backed and dollar-denominated, with a goal to compete with established stablecoins like USDT and USDC. Looking at those previous acquisitions, alon… The post Trump-Linked WLFI Buys $3.5M ETH, $1M WBTC as Ethereum Surges on Pectra Upgrade appeared first on Coin Edition .

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