Ethereum

World

Liberty

USDC

Ethena

<ul class="wp-block-list">
 <li>World Liberty Financial acquired 1,481 Ethereum worth $5 million, raising its holdings to 16,362 ETH.&nbsp;&nbsp;</li>  
 <li>The project diversified into altcoins with 231,726 Ethena tokens and stablecoins like USDC and USDT.&nbsp;&nbsp;</li>  
 <li>Total cryptocurrency holdings now stand at $75.32 million, reflecting losses but maintaining strong DeFi investments.&nbsp;&nbsp;</li> 
</ul>  
<p>World Liberty Financial (WLFI), a <a href="https://cryptonewsland.com/4-high-yield-cryptos/" target="_blank" rel="noopener noreferrer nofollow">decentralized finance project associated</a> with President-elect Donald Trump, recently purchased 1,481 Ethereum (ETH). The acquisition, valued at $5 million and paid for with USD Coin (USDC), brings its total ETH holdings to 16,362.&nbsp;&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/CryptoPatel/status/1870133558817255878
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-ethereum-purchases-continue-during-declines-nbsp-nbsp"><strong>Ethereum Purchases Continue During Declines&nbsp;&nbsp;</strong></h2>  
<p>WLFI has continued buying Ethereum throughout December by capitalizing on market dips and spending strategically to build its portfolio. On December 18, the project acquired 759 ETH at an average price of $3,651 for $2.5 million.&nbsp;&nbsp;</p>  
<p>Its total Ethereum purchases have now reached $35 million, although the market downturn has reduced the portfolio’s value significantly. Ethereum’s recent drop to $3,100 further impacted WLFI’s investments, leaving the project with a reported $3.4 million in losses.&nbsp;&nbsp;</p>  
<p>However, WLFI’s consistent buying suggests confidence in <a href="https://cryptonewsland.com/coinbase-analysts-highlight-ethereums-growth-potential-bright-future-for-long-term-holding/" target="_blank" rel="noopener noreferrer nofollow">Ethereum’s long-term potential </a>as its total ETH portfolio is now valued at $54.62 million.&nbsp;&nbsp;</p>  
<h2 class="wp-block-heading" id="h-diversifying-into-altcoins-and-stablecoins-nbsp-nbsp"><strong>Diversifying Into Altcoins and Stablecoins&nbsp;&nbsp;</strong></h2>  
<p>WLFI has also diversified into altcoins to strengthen its position in the DeFi market and balance its risk. Recently, the project purchased 231,726 Ethena (ENA) tokens for $250,000 through the Cow Protocol.&nbsp;&nbsp;</p>  
<p>This move followed Ethena Labs’ announcement of a partnership to integrate sUSDe, a synthetic stablecoin, as a collateral option. WLFI now holds 741,687 ENA valued at $716,206, although the token’s price drop to $0.97 has reduced its worth.&nbsp;&nbsp;</p>  
<p>In addition to Ethereum and ENA, WLFI also holds 134,216 ONDO tokens valued at $232,192 along with reserves in USDC and USDT. These investments reflect WLFI’s strategy to diversify its assets across different cryptocurrencies and stablecoins.&nbsp;&nbsp;</p>  
<h2 class="wp-block-heading" id="h-challenges-amid-market-slump-nbsp-nbsp"><strong>Challenges Amid Market Slump&nbsp;&nbsp;</strong></h2>  
<p>The cryptocurrency market’s recent downturn has impacted WLFI’s portfolio as Bitcoin’s decline below $93,000 triggered widespread losses. This downturn affected Ethereum and other altcoins, reducing the project’s total crypto holdings to $75.32 million.&nbsp;&nbsp;</p>  
<p>Reports from Lookonchain indicate that WLFI incurred $6.15 million in total losses, with $4.86 million tied to Ethereum alone. Despite these challenges, WLFI’s continued acquisitions raise the question of whether its long-term strategy will succeed in a recovering market.&nbsp;&nbsp;</p>  
<p>Currently, the project’s diversified holdings are valued at $73.9 million, highlighting its resilience and belief in the potential of decentralized finance.&nbsp;&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/world-liberty-financial-boosts-ethereum-holdings-amid-crypto-market-dip/" rel="noopener noreferrer nofollow">World Liberty Financial Boosts Ethereum Holdings Amid Crypto Market Dip&nbsp;</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

World Liberty Financial Boosts Ethereum Holdings Amid Crypto Market Dip

Table of Contents

Crypto News Land

Other articles published on Dec 21, 2024

COCA Launches $100,000 New Year Treasure Hunt in $COCA Tokens on Telegram

Oversubscribed DAO Maker Round Sets Stage for Nexade’s Gate.io Debut and Token Launch

Ethereum’s Push to $6K Competes With XYZVerse’s 16,900% Meme Coin Potential

Rumble Secures $775 Million Tether Investment to Expand in Digital Ecosystem

Trending meme coins for Christmas: Fresh projects with 1300x growth potential

Huge Whales Accumulate $ENA as Bullish Momentum Grows

Join our free newsletter for daily crypto updates!