Trump Family WLFI Increases Ethereum Holdings, Bullish on ETH/BTC Index
The Trump family’s cryptocurrency fund WLFI (World Liberty Financial) announced today on X its support for Ethereum tokens and stated that the Pectra hard fork conducted at the beginning of the month is a significant milestone for Ethereum. The price of Ethereum has surged nearly 40% in the past week, attracting community attention.
Trump Increases Ethereum Holdings
According to Arkham data, the Trump family’s WLFI fund currently holds approximately 13,000 Ethereum, comprising 7,993 ETH and 4,999 stETH, with a market value exceeding $33 million, accounting for about 30% of the total fund. This indicates that the Trump family fund is very optimistic about Ethereum’s development.
As a result of the significant increase following the Pectra upgrade, Trump WLFI also posted a message congratulating the community, calling Pectra “very successful,” and asserting that it remains a leading player in the global smart contract platform:
“Congratulations to the entire Ethereum community for successfully launching the Pectra upgrade. Pectra is an important step forward for Ethereum in terms of scalability, security, and user experience. This update lays a critical foundation for the future of decentralized finance and reinforces why Ethereum remains the dominant smart contract platform globally. At WLFI, we are proud to build alongside Ethereum and celebrate these milestones, with even better things to come!”
Furthermore, today (the 12th), Trump WLFI deposited 50 wbtc into Aave and borrowed 1,590 ETH to take a bullish position on “ETH/BTC,” bringing the on-chain cost basis to $2,515. This indicates that Trump WLFI is very optimistic about Ethereum’s future development.
Negative Effects of WLFI’s Support
Despite the Trump family’s strong support for Ethereum, it is worth noting that the WLFI fund is currently facing distrust within the United States. Therefore, for the Ethereum community, such official backing may only add uncertainty.
In the past, Trump met with BlackRock and other Wall Street market makers in the White House to discuss issues related to “market manipulation,” which has made him a target of attacks from Democrats. Consequently, the significant net inflow into Ethereum recently has led to questions from congressional members about potential market manipulation.
While the recent positive developments in Ethereum have attracted investors, they also serve as a reminder for investors to exercise caution. The current investment environment still possesses numerous geopolitical uncertainties, which could result in financial losses at any time.
Further Reading:
U.S. “GENIUS” Stablecoin Regulation Bill Fails! Democrats: First, Ban Trump Family from Profiting through Cryptocurrency.
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