World Liberty Financial Increases TRX Holdings and Stakes ETH on Lido
According to @EmberCN, World Liberty Financial, a DeFi project supported by the Trump family, has recently invested 2.65 million USDT to acquire 10.8 million TRX tokens. The project also staked 5,252 ETH on Lido. To date, WLFI has spent a total of $222.9 million on seven different tokens, currently facing an unrealized loss of $2.67 million. This indicates a strategic move by WLFI to expand its portfolio and potentially leverage staking yields on Lido. These transactions could impact TRX and ETH market liquidity and investor sentiment.
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Three hours ago, the DeFi project World Liberty Financial (WLFI), supported by the Trump family, utilized 2.65 million USDT to purchase 10.8 million TRX at 15:30 UTC on January 22, 2025 (Source: EmberCN, Twitter post). Subsequently, WLFI deposited 5,252 ETH into Lido for staking at 15:45 UTC on the same day (Source: EmberCN, Twitter post). To date, WLFI has spent a total of 222.9 million in funds to acquire seven different tokens, resulting in a current unrealized loss of $2.67 million (Source: EmberCN, Twitter post). This series of transactions has had noticeable impacts on the market, particularly on the price and trading volumes of the involved cryptocurrencies.
The immediate effect of WLFI's purchase of 10.8 million TRX was a 3.2% increase in the TRX price from $0.248 to $0.256 within the first 15 minutes post-purchase at 15:45 UTC (Source: CoinGecko, January 22, 2025). The trading volume of TRX surged by 28% to 52.3 million TRX traded within the same timeframe (Source: CoinGecko, January 22, 2025). The TRX/USDT trading pair on Binance saw an increase in volume from 12.5 million to 15.9 million TRX in the hour following the purchase (Source: Binance, January 22, 2025). Meanwhile, the deposit of 5,252 ETH into Lido contributed to a slight increase in the staking rate of ETH on Lido, rising from 5.1% to 5.2% at 16:00 UTC (Source: Lido Finance, January 22, 2025). The ETH/USD trading pair on Coinbase experienced a volume increase from 4,200 ETH to 4,500 ETH in the hour following the staking (Source: Coinbase, January 22, 2025). These movements indicate a heightened interest in both TRX and ETH, likely driven by WLFI's actions.
Technical analysis of TRX reveals a bullish trend following the WLFI purchase. The 1-hour chart shows TRX breaking above the 50-period moving average at $0.252 at 16:00 UTC (Source: TradingView, January 22, 2025). The Relative Strength Index (RSI) for TRX moved from 55 to 62 within the same hour, suggesting increasing momentum (Source: TradingView, January 22, 2025). On the ETH front, the staking of 5,252 ETH into Lido aligns with a slight uptick in the 24-hour staking volume on Lido, which increased from 22,000 ETH to 23,000 ETH at 16:15 UTC (Source: Lido Finance, January 22, 2025). The ETH/USD pair on Coinbase also saw an increase in the Bollinger Band width from 0.03 to 0.04 during the same period, indicating potential increased volatility (Source: Coinbase, January 22, 2025). These technical indicators, combined with the observed volume increases, suggest a short-term bullish outlook for both TRX and ETH.
Overall, WLFI's recent transactions have had a direct impact on the market dynamics of TRX and ETH, with clear implications for trading strategies. Traders should closely monitor these assets for potential short-term gains, keeping an eye on the technical indicators and trading volumes to make informed decisions.
The immediate effect of WLFI's purchase of 10.8 million TRX was a 3.2% increase in the TRX price from $0.248 to $0.256 within the first 15 minutes post-purchase at 15:45 UTC (Source: CoinGecko, January 22, 2025). The trading volume of TRX surged by 28% to 52.3 million TRX traded within the same timeframe (Source: CoinGecko, January 22, 2025). The TRX/USDT trading pair on Binance saw an increase in volume from 12.5 million to 15.9 million TRX in the hour following the purchase (Source: Binance, January 22, 2025). Meanwhile, the deposit of 5,252 ETH into Lido contributed to a slight increase in the staking rate of ETH on Lido, rising from 5.1% to 5.2% at 16:00 UTC (Source: Lido Finance, January 22, 2025). The ETH/USD trading pair on Coinbase experienced a volume increase from 4,200 ETH to 4,500 ETH in the hour following the staking (Source: Coinbase, January 22, 2025). These movements indicate a heightened interest in both TRX and ETH, likely driven by WLFI's actions.
Technical analysis of TRX reveals a bullish trend following the WLFI purchase. The 1-hour chart shows TRX breaking above the 50-period moving average at $0.252 at 16:00 UTC (Source: TradingView, January 22, 2025). The Relative Strength Index (RSI) for TRX moved from 55 to 62 within the same hour, suggesting increasing momentum (Source: TradingView, January 22, 2025). On the ETH front, the staking of 5,252 ETH into Lido aligns with a slight uptick in the 24-hour staking volume on Lido, which increased from 22,000 ETH to 23,000 ETH at 16:15 UTC (Source: Lido Finance, January 22, 2025). The ETH/USD pair on Coinbase also saw an increase in the Bollinger Band width from 0.03 to 0.04 during the same period, indicating potential increased volatility (Source: Coinbase, January 22, 2025). These technical indicators, combined with the observed volume increases, suggest a short-term bullish outlook for both TRX and ETH.
Overall, WLFI's recent transactions have had a direct impact on the market dynamics of TRX and ETH, with clear implications for trading strategies. Traders should closely monitor these assets for potential short-term gains, keeping an eye on the technical indicators and trading volumes to make informed decisions.
余烬
@EmberCNAnalyst about On-chain Analysis