Trump-backed World Liberty Financial pumps ETH stack to $296 million
World Liberty Financial (WLFI), Donald Trump’s sustained defirm firm, has taken another lot of ETH, extending its purchasing frenzy as prices grow.
Summary
- The Trump WLFI DEFI firm has just bought another 256 ETH for $ 1 million.
- The company’s total ETH reserve is now worth nearly $ 300 million.
- Critics warn against conflicts of interest while companies related to Trump increase exposure to cryptography.
According to data shared by Lookonchain on July 29, WLFI bought an additional 256.75 Ethereum (Ethn) $ 3,895. Acquired for approximately $ 1 million USDC (USDC), purchase is the last of a series of regular purchases in last month and follows WLFI 30 million dollars buy A few days ago.
The total closure of World Liberty Financial ETH is now 77,226, worth around 296 million dollars at current prices. The average price of tokens is around $ 3,294, which increases the company by almost $ 42 million in profits.
Ethereum, on the other hand, was on an upward trend. Trading at just over 3824 at the time of the press, ETH came out of its downward trend of several months, reviving the interests of investors. Despite the publication of a modest decrease of 1.6% in the last 24 hours, the second largest cryptographic asset is up more than 55% in the last 30 days.
The purchase of WLFI ETH aligns with a wider model of exposure to cryptography by entities linked to Trump. A few days ago, Trump Media and Technology Group invested About $ 300 million in Bitcoin options. In -depth exhibition also comes as Regulatory tides in the United States changeThe president defending the introduction of pro-industrial legislation.
The moment of movements now arouses criticism.
Analysts warn against conflicts of interest in Trump’s cryptographic companies
By a recent Bloomberg reportExperts raise red flags on the links between Trump’s political influence and his trade relations related to cryptography. With the WLFI actively acquiring ETH and Trump Media placing important bets on Bitcoin, criticisms argue that there is an increasing risk of policy to serve personal interests.
The White House rejected criticism. The spokesman Seth Fields told Bloomberg in an email that the president “had never been involved in conflicts of interest and would never be involved”.
Trump and his entities should hold about $ 900 million in liquid assets, about half of which come from crypto ventures, according to in Forbes.
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