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- Renowned ENS names such as trumpcoin.eth are mostly purchased for their brand value and to cut down the risk of errors while setting their foot on complex wallet addresses.
- The latest buying of WLFI of the trumpcoin.eth domain falls in accordance with the upcoming President Donald Trump’s reckless official launch to the crypto industry.
- It is interesting to note that Donald Trump launched the official trump token in only 48 hours before January 18, 2025.
World Liberty Financial (WLFI), supported by Donald Trump and his family, acquired four Ethereum Name Services yesterday. The acquisition was done just before his inauguration day as the upcoming president of the United States.
The newly purchased domains consist of worldliberty.eth, trumpcoin.eth, erictrump.eth as well as barrontrump.eth. The first two domains mentioned are linked with WLFI and the surname of Trump.
Also, the other two are associated with the second and third sons of Donald Trump, i.e., Eric Trump and Barron Trump. Ethereum Name Services is a decentralized domain name system made on the Ethereum blockchain, permitting human-readable addresses to be plotted to Ethereum wallet addresses.
The secondary market purchase
Often abbreviated as ENS, it streamlines complex wallet addresses by altering them with easy-to-remember names. Users are permitted to rename their wallets as well as applications and also use them for blockchain-supported websites.
Renowned ENS names such as trumpcoin.eth are mostly purchased for their brand value and to cut down the risk of errors while setting their foot on complex wallet addresses. The acquisition of the ENS domain names seems to be a secondary market purchase, it means that they must have been acquired by someone else in the beginning.
Considering the information from Etherscan, they were directly transferred from another wallet to the World Liberty Multisig Wallet having bulk delivery, as direct registration normally does not permit bulk transfer transactions.
It is interesting to note that Donald Trump launched the official trump token in only 48 hours before January 18, 2025. The token is valued at $53,51 and has witnessed a trading volume of $44.44 billion in only 24 hours, according to the data from CoinmarketCap.
A pro-crypto motion
The latest buying of WLFI of the trumpcoin.eth domain falls in accordance with the upcoming President Donald Trump’s reckless official launch to the crypto industry. It is just a coincidence that WLFI bought these Ethereum Name Services domains just one day before the inauguration day.
The act of purchasing ENS names for Trump coins such as trumpcoin.eth in itself indicates that the overall crypto community and the world beyond that WLFI may be establishing a pro-crypto motion of Trump to safeguard his step in the crypto industry.
Last month, World Liberty Financial witnessed a significant crypto buying and spent around $45 million after buying $250,000 of Ondo (ONDO). Since the start of December 2024, the World Liberty wallet has purchased $30 million worth of Ether as well as $10 million worth of Coinbase Wrapped BTC (cbBTC) having other purchases.
