World Liberty Financial, the Trump-inspired initiative, continues to expand its portfolio with significant crypto acquisitions.
On December 18, the project utilized Cow Protocol to purchase 231,726 Ethena (ENA) tokens for 250,000 USDC. This transaction, monitored by blockchain intelligence platform Arkham, occurred at 19:55:35 UTC.
Following this acquisition, World Liberty Financial now holds a total of 741,687 ENA, demonstrating its ongoing commitment to building a diverse portfolio of digital assets.
Interestingly, the latest move from World Liberty Financial comes on the heels of Ethena Labs announcing a partnership with the Trump-inspired project to integrate Ethena’s sUSDe as a fundamental collateral asset.
Notably, as of December 16, the project’s multi-signature wallet had exchanged 500,000 USDC for 509,955 ENA tokens. The average purchase price stood at $0.98 per token.
World Liberty Financial Previous Activity
The WLFI wallet has also been actively diversifying its portfolio beyond stablecoins and Ethereum. Its holdings include Chainlink, Aave, Ondo, and Coinbase Wrapped Bitcoin (cbBTC), collectively valued at nearly $45 million as of December 16. Previous acquisition details reveal significant investments, including:
- $30 million USDC for 8,105 ETH, at an average price of $3,701 per ETH.
- $10 million USDC for 103 cbBTC, purchased at an average of $97,181 each.
- $2 million USDC for 78,387 LINK tokens at $25.5 each.
- $2 million USDC for 6,137 AAVE tokens at $326 each.
Conversion and Market Activity
It is also important to note that as of today, World Liberty Financial converted its entire holdings of 103 cbBTC into 103.149 WBTC through Cow Protocol. This move follows the delisting of WBTC from Coinbase due to its association with Justin Sun.
The timing of these transactions aligns with a period of heightened market activity for Ethena. Between December 16 and December 18, ENA’s price fluctuated significantly, dropping from $1.30 to a low of $1.01.
During this dip, expert analyst Ali Martinez observed a substantial whale accumulation of approximately 36.55 million ENA tokens, suggesting increased interest from institutional players. Currently, the price of ENA has rebounded to $1.14, reflecting a 5.83% increase in the last 24 hours and a 4.35% gain over the past week.
During the recent price dip, whales bought over 36.55 million #Ethena $ENA! pic.twitter.com/U410ClRCbW
— Ali (@ali_charts) December 18, 2024
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