The decentralized finance (DeFi) platform linked to US President Donald Trump significantly increased its Ether holdings over the past week as the cryptocurrency’s price briefly dipped below $2,000.
Trump’s World Liberty Financial (WLFI) DeFi platform has tripled its Ether (ETH) holdings over the past seven days as ETH fell below the $2,000 psychological mark, reversing from $1,991 on March 4, Cointelegraph Markets Pro data shows.
ETH/USD, 1-month chart. Source: Cointelegraph
Data provided by Arkham Intelligence shows WLFI now holds about $10 million more in Ether than a week earlier. Its latest acquisitions also include an additional $10 million in Wrapped Bitcoin (WBTC) and $1.5 million in Movement Network (MOVE) tokens.
WLFI token balances history. Source: Arkham Intelligence
Trump’s DeFi platform is currently sitting on a total unrealized loss of over $89 million across the nine tokens it invested in, Lookonchain data shows.
Source: Lookonchain
The dip buying came during a period of heightened market volatility and investor concerns, driven by both macroeconomic concerns and crypto-specific events, including the $1.4 billion Bybit hack on Feb. 21, the largest exploit in crypto history.
The recent dip also resulted in a “broader flight toward safety in crypto markets,” prompting investors to seek safer assets with more predictable yields, such as tokenized real-world assets (RWA), according to a Binance Research report shared with Cointelegraph.
Related: Can Ether recover above $3K after Bybit’s massive $1.4B hack?
Trump’s WLFI launches “Macro Strategy” fund for Bitcoin, Ether, altcoins
WLFI’s latest digital asset investments occurred nearly a month after the platform unveiled the “Macro Strategy” fund for Bitcoin (BTC), Ether and other cryptocurrencies “at the forefront of reshaping global finance.”
According to a Feb. 11 announcement, the fund aims to strengthen those projects and expand their roles in the evolving financial ecosystem:
“Together, we are building a legacy that bridges the worlds of traditional and decentralized finance, setting new standards for the industry.”
The fund aims to “enhance stability” by diversifying the platform’s holdings across a “spectrum of tokenized assets” to ensure a “resilient financial system” and to invest in “emerging opportunities within the DeFi landscape.”
Source: WLFI
The announcement came three weeks after widespread speculation about the Trump family launching a “giant” business on Ethereum, according to Joseph Lubin, co-founder of Ethereum and founder of Consensys.
Related: Solana sees $485M outflows in February as crypto capital flees to ‘safety’
“Based on what I am aware of, the Trump family will build one or more giant businesses on Ethereum,” Lubin wrote. “The Trump administration will do what is good for the USA, and that will involve ETH.”
Lubin suggested that the Trump administration might eventually integrate Ethereum technology into government activities, similar to its current use of internet protocols.
Ether is currently the largest holding of WLFI, followed by $14.9 million worth of WBTC and $13.2 million worth of the USDt (USDT) stablecoin.
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