World Liberty Financial, the prominent financial group backed by President Donald Trump, has made a notable impact in the cryptocurrency space. Just before his inauguration, crypto investor Mike Dudas purchased over $145,000 worth of tokens from the emerging crypto firm, which is partially owned by the president.
As per the on-chain analytics platform Arkham Intelligence reports Donald Trump's Project World Liberty FI has bought and staked 4.7K ETH ($15M) and purchased $2.65M in TRX. This aligns with Trump's commitment to building a national digital asset stockpile, as detailed through comprehensive on-chain analytics and visualizations.
On-chain activity reveals that World Liberty Financial (@worldlibertyfi) recently acquired 3,079 $ETH ($10M) and 10.61M $TRX ($2.65M). Over the past four days, the fund has invested $181M across six tokens: $ETH, $WBTC, $TRX, $AAVE, $LINK, and $ENA. With the SEC rescinding SAB 121 and Trump signing an Executive Order for a national digital asset stockpile, altcoins may be poised for a strong season.
As reported by Donald Trump Jr., $WLFI has marked Donald J. Trump's inauguration as the 47th U.S. President with substantial cryptocurrency investments. These include $47 million each in ETH and wBTC, along with $4.7 million allocated to Aave, LINK, TRX, and ENA, reflecting strategic financial moves.
After a period of consolidation, the daily chart shows a significant price spike. Over the last three days, we’ve seen steady green candles, reflecting strong buying pressure and a positive market sentiment. This upward trend appears to be fueled by continued demand in the crypto space.
The RSI has recently surpassed over 80, signaling that the asset is overbought, however the MACD shows a strong positive trend, with the MACD line above the signal line. If the purchasing pressure persists, the token is likely to increase further.
Source: Tradingview
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