According to the latest data from blockchain analytics firm Spot On Chain, Trump family-backed DeFi project – World Liberty Financial has once again bought over 1,917 ETH, worth around $5 million on February 11.
Onchain data shows that the latest purchase puts the firms’ total portfolio at $96.72 million.
This purchase brings WLFI’s total ETH holdings to over $48 million, which shows the growing confidence in ETH despite high market fluctuations. This recent buy during market dips also suggests a long-term bullish sentiment for Ethereum.
Focused solely on crypto, WLFI has continuously purchased Ethereum and other crypto assets since the beginning of this year. It has purchased a total of 18.549k ETH till date, which is now worth $48.70 million.
Earlier today, the firm also announced Macro Strategy, a strategic token reserve that aims to increase its presence in the crypto space.
“This ongoing accumulation trend from WLFI is beneficial for ETH in the long run and if the other institutional investors follow the same thing then we can expect that ETH price will cross $4,000 soon,” says a prominent trader and analyst.
Ethereum is currently catching attention from the whole crypto community due to factors like an increase in gas limit, upcoming Pectra upgrade, and the ongoing discussions on leadership change in Ethereum Foundation.
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