New data from crypto analytics platform Arkham reveals that President Donald Trump’s decentralized finance (DeFi) platform has become a top 0.1% holder of staked Ethereum (stETH) after gobbling up tens of millions of dollars worth of ETH.
In a new thread on the social media platform X, Arkham says that World Liberty Financial (WLFI) – which launched earlier this year – is staking $33 million worth of the top altcoin, making them a top 0.1% holder of stETH.
The data also unveils other notable holdings of WLFI, which include $182 million worth of ETH, $55.6 million worth of the stablecoin USDC, $48 million worth of Wrapped Bitcoin (WBTC), $6.9 million worth of crypto lending protocol Aave (AAVE), and $6.2 million worth of decentralized oracle provider Chainlink (LINK).
Arkham goes on to note that WLFI purchased both ETH and WBTC on January 20th, the day of Trump’s second inauguration, to celebrate his return to the White House.
“Trump’s World Liberty Finance bought $47 million of [wrapped] BTC and $47 million of BTC to celebrate his inauguration as 47th President of the United States of America.”
According to WLF, it also accumulated $4.7 million worth of AAVE, LINK, Justin Sun’s Tron (TRX) and stablecoin protocol Ethena (ENA) each on that day as well.
The top smart contract platform by volume is trading for $3,285 at time of writing, a fractional decrease during the last 24 hours.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
