World Liberty Finance Buys ETH to Increase Crypto Portfolio

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World Liberty Finance, the crypto project owned by the family of US President-elect Donald Trump, has created a stir in the crypto market after buying Ethereum worth $9.88 million. This caused a 6% price surge for the king of altcoins in the last 24 hours of trading.

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According to a report by crypto analyst Arkham Intelligence, the January 14 transaction by World Liberty Finance must have been strategically timed to take advantage of the market dip to exchange ETH with Wrapped Bitcoin (WBTC). The move sparked a 6% ETH rally, and WLF increased the size of its cryptocurrency portfolio to at least $464 million worth of ETH holdings.

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Will ETH Bulls Rise to the Occasion

ETH Bulls Have Failed To Rise to the Occasion

Analysts believe the World Liberty Foundation took advantage of this week’s Ethereum dip that saw the altcoin fall below $3,000 for the first time since November 2024. The price of ETH later rose to $3,100, but many market players are concerned about the altcoin’s potential to consolidate as the year progresses. Many analysts had predicted Ethereum would mirror the movement of Bitcoin and scale to a new all-time high, but this is yet to happen. Despite the approval of several Ethereum exchange-traded funds (ETFs), the ETH Bulls have failed to rise to the occasion and break past their previous peaks.

Whether or not the strategic mover by the World Liberty Foundation will bear fruit will depend on how ETH handles its current struggle to change the trajectory the token has taken. According to the latest In/Out of Money Around Price (IOMAP), the price of Ethereum may continue to struggle unless something drastic changes. IOMAP identifies an asset’s key price ranges, predicting where investors could buy or sell based on the volume of the levels. Accordingly, a higher volume cluster at a price range predicts more substantial support or resistance. According to this analysis, ETH expects significant resistance between $3,280 and $3,376.

Altcoins Could Still Recover

Commenting on social media site X, market analyst Ash Crypto opined that the current state of altcoins led by Ethereum was a mid-cycle correction. According to the expert, the dip is a part of the bull cycle, and the altcoin market could be setting itself up to recover the previously lost value, and there’s potential for even higher gains. The analyst highlighted previous historical precedents, especially the January 2021 situation that came just before a serious altcoin Bull Run began. Despite the fluctuations, World Liberty Finance’s decision could bear fruit if ETH and other altcoins recover, with ETH predicted to surge above $3,200 or rebound to the $3,300 support level.

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WLF is Linked to Trump

The Transactions Are a Standard Treasury Management Practice

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World Liberty Finance, the decentralized finance (DeFi) project supported by the family of President-Elect Donald Trump, has recently addressed queries associated with its crypto transactions. According to the platform, ongoing transactions are a standard treasury management practice, and tokens are not simply sold off from their portfolio. World Liberty Finance explained via social media that it routinely allocates digital assets within its treasury to ensure that WLF maintains financial stability and a healthy portfolio.

According to the company’s recent social media post, World Liberty Finance is evaluating different proposals, including a December 2024 one to integrate Ethena Lab’s synthetic dollar, sUSDe. By integrating sUSDe, WLF could potentially provide users with additional liquidity and more diverse collateral options. This would enable them to manage their funds better and help users participate in other financial activities more efficiently.

Conclusion

With Donald J. Trump’s inauguration just around the corner, it would be interesting to see whether his ties to World Liberty Finance would attract more interest from individual and institutional investors in the project. Trump’s inauguration is slated for January 20, and a lot of optimism has already developed around the event, with hopes that his entry into the White House will bring better fortunes for the crypto industry at large.

Frequently Asked Questions (FAQs)

What is World Liberty Finance?

World Liberty Finance is a decentralized finance (DeFi) project associated with the family of US President-Elect Donald J. Trump. It was launched in September 2024.

What are the key features of WLF?

According to Trump, WLF aims to liberate the average American citizen from the grip of financial elites and big banks by democratizing access to economic opportunities while fortifying the global status of the US dollar via Web3.

Where can I buy WLFI tokens?

World Liberty Finance tokens are available through the official World Liberty Financial website.

Disclaimer

The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.

You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.

Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.



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