President Donald Trump’s DeFi platform, World Liberty Financial (WLFI), has made headlines after recent data from crypto analytics platform Arkham revealed that the platform has become a top 0.1% holder of staked Ethereum (stETH). This comes after WLFI acquired tens of millions of dollars worth of ETH, solidifying its position in the cryptocurrency market.
According to Arkham’s findings, WLFI has staked $33 million worth of Ethereum, placing them in the top echelon of stETH holders. In addition to this significant holding, WLFI also boasts a diverse portfolio, including $182 million worth of ETH, $55.6 million worth of USDC, $48 million worth of WBTC, $6.9 million worth of AAVE, and $6.2 million worth of LINK.
Interestingly, WLFI made strategic investments on January 20th, the day of Trump’s second inauguration, to mark his return to the White House. On this day, WLFI purchased $47 million of wrapped BTC and $47 million of BTC, symbolically aligning with Trump’s status as the 47th President of the United States. Additionally, the platform accumulated $4.7 million worth of AAVE, LINK, TRX, and ENA each on the same day.
As of the latest data, Ethereum is trading at $3,285, showing a slight decrease in value over the past 24 hours. Despite this fluctuation, the cryptocurrency market remains dynamic and full of opportunities for savvy investors like WLFI.
To stay informed on the latest developments in the cryptocurrency space, subscribe to receive email alerts directly to your inbox. For real-time updates and price action, follow us on Twitter, Facebook, and Telegram. Don’t miss out on the latest news and insights from The Daily Hodl.
In conclusion, President Trump’s DeFi platform, WLFI, continues to make waves in the crypto market with its strategic investments and notable holdings. As the cryptocurrency landscape evolves, WLFI remains a key player to watch for future developments and opportunities. Stay tuned for more updates from The Daily Hodl.