BULLISH 📈 : Trump-Backed WLFI Acquires 2,868 ETH, Sells $8M WBTC

World Liberty Financial (WLFI), a crypto project backed by former US President Donald Trump, has shifted its holdings from wrapped Bitcoin (WBTC) to Ethereum (ETH).

Key Details

WLFI sold approximately 93.77 WBTC, valued at around $8 million, to acquire about 2,868 ETH at an average price of $2,813.
This transaction was executed from WLFI’s treasury wallet, as verified by blockchain trackers.
The swap occurred during a period when ETH prices were lower, presenting potential buying opportunities.

Strategic Shift

Switching from WBTC to ETH allows direct access to Ethereum's smart contracts, staking, and decentralized finance (DeFi) tools.
The move might be aimed at leveraging ETH for on-chain services or staking, although specific motives remain speculative.

Market Reaction

The market showed little immediate reaction, suggesting the possibility that such moves had been anticipated.
High-profile transactions like these often attract attention, but do not necessarily lead to significant short-term price changes.

Crypto Market Image

For investors, reallocations such as this may influence short-term sentiment, though long-term impacts require further observation. Transitioning from WBTC to ETH modifies how capital can be utilized, shifting focus from a Bitcoin peg to engaging with Ethereum's ecosystem.