On January 31st, COINOTAG News reported significant activity from the Trump-endorsed crypto initiative, World Liberty Financial (WLFI). Analyzing on-chain metrics, analyst Yu Jin highlighted WLFI’s recent acquisition of 2,971.4 ETH, involving a substantial outlay of 10 million USDT within a mere 15-minute window. This transaction comes in the wake of an upward trend in Ethereum (ETH) prices, allowing WLFI to recoup its investment. To date, WLFI has allocated a massive $297 million across eight digital assets, with Ethereum comprising 67% of its portfolio, followed by Bitcoin (BTC) at 23%, and various altcoins making up the remaining 10%. This strategic distribution underscores WLFI’s bullish stance on leading cryptocurrencies and its commitment to a diversified investment strategy within the crypto market.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024