World Liberty Financial (WLFI) has witnessed a remarkable surge in its on-chain holdings, which have now reached $235 million.
The rapid rise is attributed to the recent sell-out of its $WFLI tokens, marking a significant milestone for the institution.
WLFI’s top three on-chain holdings consist entirely of subscription assets:
– Ethereum ($ETH): $109 million
– Tether ($USDT): $63.23 million
– USD Coin ($USDC): $55.16 million
The number of ETH holdings has increased to an impressive 33,631 tokens. However, it’s worth noting that most of these were acquired during $WFLI public offerings, with only 12,601 ETH actively purchased.
Over the past 11 hours, WLFI has spent a total of $48 million to purchase 14,403 ETH at an average price of $3,333 per token. To date, the institution has acquired a total of 24,433 ETH, with a reported cost basis of $3,379 per token. Interestingly, 11,832 ETH has already been deposited into Coinbase, though the purpose of these transfers remains unclear.
The hype surrounding $TRUMP tokens appears to have fueled FOMO-driven demand for $WFLI. In just the last two days, WLFI sold an astounding 11 billion tokens, raising $165 million. This is a sharp contrast to the 5 billion tokens sold over the preceding two months.
WLFI’s explosive growth highlights the significant influence of market trends and investor sentiment. With its ETH holdings growing rapidly and $WFLI tokens almost sold out, WLFI continues to solidify its position in the crypto space. However, questions remain about the strategic deployment of its ETH assets, particularly the Coinbase deposits.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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