🎩Ⓜ️ Mona67 Ⓜ️🎩
@mona67
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World Liberty Financial, a DeFi project affiliated with the family of US President Donald Trump, bought about $112.8 million in cryptocurrencies on his first day in office.
The project, backed by the new US president, diversified its holdings by buying six different tokens, including $47 million in Ethereum and $47 million in Wrapped Bitcoin.
The project also invested $4.7 million each in AVE, Chainlink, Tron, and Etna. The purchases were made in conjunction with Trump’s inauguration.
According to data from Arkham Intelligence, the project now holds 57,115 Ethereum worth approximately $185.14 million, more than half of its portfolio.
Additionally, the World Liberty Financial project recently sold 20% of its 100 billion WLFI token supply, raising $300 million from pre-sales. 3 replies
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Former First Lady of the United States, Melania Trump, announced the launch of her meme token MELANIA on Platform X on January 20. The move caused a sharp drop in demand for the official Trump token (TRUMP), which was launched by Donald Trump just 48 hours earlier.
TRUMP’s market cap fell by 55% within 10 minutes of the announcement, to $9.42 billion. Previously, TRUMP had been performing well, with buy orders outstripping sell orders. However, after MELANIA’s launch, selling pressure on TRUMP increased, with sell orders reaching $351.7 million versus $244.5 million in the first hour after launch. This imbalance caused TRUMP’s price to decline.
The selling pressure on TRUMP also affected Solana (SOL), which lost almost 20% of its value in a matter of minutes. However, TRUMP still has around 824,000 holders and is currently worth around $39 billion. With a three-year vesting schedule, there is a possibility of stabilizing the price of this token in the future. 5 replies
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