World Liberty Finance Doubles ETH Holdings Amid Market Shifts

World Liberty Finance has made headlines this week by more than doubling its Ethereum (ETH) holdings, according to recent data from Arkham Intelligence. As of Thursday, the project’s ETH holdings surged to over 7,000 ETH, representing a significant 180% increase from approximately 2,200 ETH on Monday.

Currently, Arkham reports that Ethereum stands as World Liberty’s most substantial holding, amounting to 7,094 ETH valued at around $16.2 million.

On March 6, Arkham alerted users that World Liberty Financial transferred $25 million in USDC to a separate contract, resulting in the purchase of $10 million in ETH, $10 million in wrapped Bitcoin (WBTC), and $1.5 million in a token known as MOVE.

MOVE is the native token for the Movement Network, a blockchain programming language backed by venture capital that emphasizes EVM (Ethereum Virtual Machine) compatibility. Interestingly, the token saw a 26% surge within hours as the Trump DeFi platform expanded its holdings.

Despite this aggressive accumulation, World Liberty is reportedly facing a total loss of $89 million across nine acquired tokens, primarily due to market volatility influenced by Trump’s trade tariffs, as highlighted by Lookonchain on March 6.

In addition to ETH, WBTC, and USDT, World Liberty possesses 40 million Tron (TRX) tokens valued at $10 million, alongside 10 billion WhiteRock (WHITE) tokens worth $3.4 million. The portfolio also includes a variety of lesser-known tokens such as ONDO, COLLE, GROK, and HOPPY.

Ethereum remains the benchmark for decentralized finance (DeFi), boasting a 52.6% share of the total value locked in the sector, according to DeFiLlama. Recent trends indicate some competition from Solana, which has seen its DeFi market share rise to 8.4% with a total value locked of $9 billion. However, Solana has recently suffered from substantial losses amid the decline of the meme coin market.

ETH Price Movement

ETH has been experiencing notable fluctuations, having gained over 6% in the past 12 hours to reach around $2,300 during Asian market hours on Thursday. However, it dropped to a 16-month low of just above $2,000 earlier this week, raising concerns over a potential downturn in prices as analysts noted a bearish head and shoulders pattern.

Currently, while ETH shows signs of recovery by bouncing off support levels, it remains down approximately 16% over the past two weeks.

The developments surrounding World Liberty Finance and its ETH holdings have stirred considerable interest as the project navigates through tumultuous market conditions, indicative of the broader impacts of influential figures in the crypto community.

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