Trump Family Ventures Make Waves in Cryptocurrency Market
As the White House prepares for the transition to welcome President-elect Donald Trump, ventures and individuals associated with the Trump family have been making significant moves in the cryptocurrency market. One of the latest developments is the substantial Ethereum purchase made by World Liberty Financial.
Eric Trump, hinting at more exciting developments to come, stated: “Wait until you see what they do tomorrow.” The Trump family’s involvement in the cryptocurrency market has generated a great deal of excitement and curiosity among investors.
Trump’s WLF’s $48 Million Ethereum Purchase
On January 19, World Liberty Financial, a DeFi venture connected to Donald Trump, acquired 14,403 ETH at an average price of $3,300 per coin, totaling at least $48 million. With this purchase, WLF’s total ETH holdings now stand at around 28,612 ETH, valued at over $96 million at the current price of Ethereum.
Analysts suggest that WLF functions more like a fund than a traditional DeFi protocol.
WLF Token Sales and Asset Growth
Reports indicate that WLF has sold 20% of its total token supply and is planning to release an additional 5% to meet growing demand. The value of WLF’s total holdings has increased from $187 million to over $235 million.
Trump Family’s Growing Crypto Influence
Over the weekend, the Trump family launched two meme coins that have seen significant growth. $TRUMP, launched on January 18, has increased by 837.15% to $60.61, while $MELANIA, introduced a day later, has grown by 42.80% to $13.06.
Eric Trump expressed his delight at the family’s impact on the cryptocurrency market and teased more exciting developments to come.
WLF’s Controversial Actions & Market Concerns
WLF’s recent move of $60 million in assets raised speculation in the market, which the team later clarified as “routine treasury management.” Despite the controversies, World Liberty Financial’s strategic Ethereum acquisition and the Trump family’s meme coin ventures highlight the intersection of crypto and politics, reshaping perceptions of blockchain’s potential.