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- Donald Trump-backed crypto undertaking makes use of dip to purchase ETH.
- Arkham knowledge exhibits World Liberty Monetary purchased $10 million of Ethereum’s ETH as costs plummeted.
World Liberty Monetary, the crypto undertaking backed by U.S President Donald Trump, has scooped one other $10 million value of Ethereum (ETH).
The World Liberty pockets has in current weeks aggressively bought numerous tokens, and on Jan. 27, added ETH value $10 million.
Trump-backed World Liberty buys ETH
Per market intelligence and safety platform Arkham, the Trump household crypto undertaking acquired the three,247 ETH by way of crypto platform Cow Protocol. The acquisition, together with the current $47 million in ETH purchased on Trump’s inauguration day, brings the entire Ethereum holdings World Liberty Monetary has amassed to 59,265 ETH.
Arkham knowledge exhibits te worth of those tokens at the moment stand at round $185 million on the time of writing.
DONALD TRUMP’S PROJECT WORLD LIBERTY FI JUST BOUGHT ETH pic.twitter.com/uggBxVJL3H
— Arkham (@arkham) January 27, 2025
Notably, the acquisition got here as Ethereum and different cryptocurrencies mirrored Bitcoin’s sell-off on Monday. BTC dropped beneath $100k and touched lows close to $97,900 as threat belongings sold-off amid market’s detrimental response to the revealing of China’s AI app DeepSeek.
The massacre that wiped off near $1 billion in crypto positions as liquidations mounted in 24 hours had Ethereum’s value plummeting to close $3,000. World Liberty Monetary exploited the dip as a purchase alternative.
MicroStrategy additionally purchased extra BTC, including over $1 billion of the benchmark digital asset to its quickly rising Bitcoin haul. The agency now holds 471,107 BTC bought for $30.4 billion on the common value of $64,511 per BTC.
Total, World Liberty holds cryptocurrencies value over $381 million.
Along with the $185 million in ETH, the platform additionally has over $65 million in Wrapped Bitcoin (WBTC), greater than $60 million in Lido Staked ETH (STETH) and $33 million in USDC stablecoin. The undertaking additionally holds USDT, LINK, AAVE and ENA amongst different tokens.