According to blockchain analytics firm Spot On Chain, the Trump-backed DeFi project, World Liberty Financial (WLFI), just scooped up another 1,917 ETH—worth around $5 million—on February 11.
On-chain data reveals that this latest move pushes WLFI’s total portfolio to a whopping $96.72 million, with over $48 million in ETH alone. In spite of market being volatile, WLFI is still stacking ETH and showcasing a strong and long term confidence and belief in Ethereum’s future.
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Since the start of the year, WLFI has been aggressively accumulating ETH and other crypto assets, now holding a total of 18,549 ETH valued at $48.7 million. This strategy of consistently buying does give a hint of a potential bullish outlook on Ethereum, even of the price is fluctuating. WLFI also announced “Macro Strategy” today its new strategic token reserve aimed at strengthening its foothold in the crypto world.
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“This steady accumulation from WLFI is great for ETH in the long run. If other institutional investors jump in, we could see Ethereum cross $4,000 soon,” a top crypto analyst shared.
Ethereum is already a hot topic, thanks to increased gas limits, the upcoming Pectra upgrade, and growing debates around leadership changes in the Ethereum Foundation.
