- Trump-linked WLFI invested $25M in crypto, acquiring ETH, WBTC, and MOVE amid market volatility, with $3.5M USDC still on hand.
- Concerns rise over potential conflicts of interest as Trump’s fund expands while his administration eyes a U.S. strategic crypto reserve.
- Ethereum drops 8.31% to $2,310, testing key support at $2,100. A hold could spark a rebound, while a break may signal further declines.
Donald Trump’s investment fund, World Liberty Financial (WLFI), is making aggressive moves in the crypto market. WLFI transferred $25 million USDC into a new multi-signature wallet and acquired crypto assets.
The purchases include 4,468 ETH for $10 million at $2,238 per ETH, 110.6 WBTC worth $10 million at $90,420 per Bitcoin, and 3.42 million MOVE tokens for $1.5 million at $0.439 per token. Additionally, the wallet still holds $3.5 million USDC, hinting at more potential buys.
Besides these transactions, Trump’s administration is advancing plans for a U.S. strategic crypto reserve. Earlier reports suggested assets such as Ripple (XRP), Solana (SOL), and Cardano (ADA) would be key holdings. However, Trump later clarified that Bitcoin (BTC) and Ethereum (ETH) would be central components.
Conflict of Interest Concerns Emerge
Concerns regarding conflicts of interest have surfaced. Reports suggest that Trump and his associates hold more than 60% of WLFI. Some critics argue that the strategic crypto reserve initiative could boost the value of these holdings.
However, the Trump Organization claims the president has no direct involvement in commercial activities. Instead, WLFI’s management is overseen by his children, an ethics attorney, and an external investment firm.
Moreover, WLFI remains an active player in the crypto market, with investments exceeding $336 million across six months. The firm’s current portfolio, valued at $79.8 million, primarily resides on Coinbase Prime. Notable holdings include ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, ONDO, and SEI.
Ethereum’s Price Outlook and Market Sentiment
Crypto Rover suggests that this is the best time to buy Ethereum just like Bitcoin five years ago. Bitcoin’s recent data highlights a volatile trend. Currently, ETH is priced at $2,310, an 8.31% daily drop. The asset remains supported by a long-term ascending trendline intersecting with the $2,100 support zone.
Historical data indicates that Ethereum has tested the $4,700 resistance multiple times without breaking higher. If ETH maintains support at $2,100, a bullish push could emerge. However, a drop below
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
