coinjournal.net
- Donald Trump-backed crypto project uses dip to buy $ETH.
- Arkham data shows World Liberty Financial bought $10 million of Ethereum’s $ETH as prices plummeted.
World Liberty Financial, the crypto project backed by U.S President Donald Trump, has scooped another $10 million worth of Ethereum ($ETH).
The World Liberty wallet has in recent weeks aggressively purchased various tokens, and on Jan. 27, added $ETH worth $10 million.
Trump-backed World Liberty buys $ETH
Per market intelligence and security platform Arkham, the Trump family crypto project acquired the 3,247 $ETH via crypto platform Cow Protocol. The purchase, including the recent $47 million in $ETH bought on Trump’s inauguration day, brings the total Ethereum holdings World Liberty Financial has amassed to 59,265 $ETH.
Arkham data shows te value of these tokens currently stand at around $185 million at the time of writing.
DONALD TRUMP’S PROJECT WORLD LIBERTY FI JUST BOUGHT $ETH pic.twitter.com/uggBxVJL3H
— Arkham (@arkham) January 27, 2025
Notably, the purchase came as Ethereum and other cryptocurrencies mirrored Bitcoin’s sell-off on Monday. $BTC dropped below $100k and touched lows near $97,900 as risk assets sold-off amid market’s negative reaction to the unveiling of China’s AI app DeepSeek.
The bloodbath that wiped off close to $1 billion in crypto positions as liquidations mounted in 24 hours had Ethereum’s price plummeting to near $3,000. World Liberty Financial exploited the dip as a buy opportunity.
MicroStrategy also bought more $BTC, adding over $1 billion of the benchmark digital asset to its rapidly growing Bitcoin haul. The firm now holds 471,107 $BTC purchased for $30.4 billion at the average price of $64,511 per $BTC.
Overall, World Liberty holds cryptocurrencies worth over $381 million.
In addition to the $185 million in $ETH, the platform also has over $65 million in Wrapped Bitcoin (WBTC), more than $60 million in Lido Staked $ETH (STETH) and $33 million in USDC stablecoin. The project also holds USDT, LINK, AAVE and ENA among other tokens.