World Liberty Financial, a decentralized finance (DeFi) platform with ties to the Trump family, recently purchased $48 million worth of Ethereum
The transaction occurred during an eight-hour buying spree on January 19. Additionally, this acquisition came after the Trump family made waves with back-to-back launches of meme-inspired tokens.
World Liberty Financial acquired 14,403 ETH at an average price of $3,300, bringing the platform’s total Ethereum holdings to 28,612. These holdings are now valued at approximately $109 million.
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On January 20, Eric Trump, the Executive Vice President of the Trump Organization, fueled speculation with a post on X, saying, “Wait until you see what they do tomorrow!” while tagging World Liberty Financial’s account.
The post, combined with the ETH purchase, has sparked curiosity about the Trump family’s plans within the crypto industry.
However, World Liberty Financial clarified the transfer of $60 million in assets, explaining on a January 15 post on X that it was part of their regular “treasury management”. The funds were allocated to cover operational expenses and maintain liquidity.
Additionally, World Liberty Financial announced on January 20 that the platform had sold 20% of its token supply due to what it described as “massive demand”. To meet growing interest, it confirmed plans to release an additional 5% of its tokens.
Meanwhile, Metaplanet, a venture capital firm based in Japan, recently planned to boost its Bitcoin holdings to 10,000 BTC. How? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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