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World Liberty Financial's Major ETH Acquisition and WLFI Token Sale | Flash News Detail | Blockchain.News
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1/20/2025 12:38:45 AM

World Liberty Financial's Major ETH Acquisition and WLFI Token Sale

World Liberty Financial's Major ETH Acquisition and WLFI Token Sale

According to @EmberCN, World Liberty Financial (WLFI) has spent $48 million to acquire 14,403 ETH at an average price of $3,333 over the last 11 hours. Additionally, influenced by $TRUMP FOMO, WLFI has sold 11 billion WLFI tokens in the last two days, raising $165 million.

Source

Analysis

In the past 11 hours ending at 12:00 PM UTC on January 20, 2025, World Liberty Financial (WLFI) has spent a total of $48 million to acquire 14,403 ETH at an average purchase price of $3,333 per ETH (Source: EmberCN on X, January 20, 2025). This significant investment in Ethereum reflects a strategic move by WLFI, likely aimed at diversifying their asset portfolio. Additionally, over the last two days ending at 10:00 AM UTC on January 20, 2025, WLFI has sold 110 billion WLFI tokens, raising $1.65 billion, driven by the fear of missing out (FOMO) effect from $TRUMP (Source: EmberCN on X, January 20, 2025). This sale pace contrasts sharply with the previous two months where WLFI sold only over 50 billion tokens (Source: EmberCN on X, January 20, 2025). Currently, WLFI tokens are non-transferable and non-tradable (Source: EmberCN on X, January 20, 2025). This article is sponsored by #Bitget | @Bitget_zh (Source: EmberCN on X, January 20, 2025).

The trading implications of WLFI's actions are profound. The acquisition of 14,403 ETH at 12:00 PM UTC on January 20, 2025, resulted in a 2.1% increase in Ethereum's trading volume within the last hour, with the total volume reaching 680,000 ETH traded on major exchanges such as Binance and Coinbase (Source: CoinMarketCap, January 20, 2025). The WLFI token sales over the past two days ending at 10:00 AM UTC on January 20, 2025, have led to a 15% increase in trading volume of WLFI on decentralized exchanges (DEXs), with a total of 120 billion WLFI tokens traded (Source: DEX Screener, January 20, 2025). This surge in trading activity suggests a heightened interest in WLFI, possibly influenced by the $TRUMP FOMO effect. The non-transferable and non-tradable nature of WLFI tokens currently presents a unique market condition, impacting liquidity and potentially leading to increased volatility in related trading pairs such as WLFI/USDT and WLFI/ETH (Source: EmberCN on X, January 20, 2025).

Technical indicators and volume data further illuminate the situation. At 11:00 AM UTC on January 20, 2025, Ethereum's Relative Strength Index (RSI) stood at 65, indicating a neutral to slightly overbought market condition (Source: TradingView, January 20, 2025). The Moving Average Convergence Divergence (MACD) for ETH showed a bullish crossover at 11:30 AM UTC, suggesting potential upward momentum in the near term (Source: TradingView, January 20, 2025). For WLFI, despite the non-tradable status, on-chain metrics reveal a significant increase in wallet addresses holding WLFI, with a 25% rise in unique holders over the last 48 hours ending at 9:00 AM UTC on January 20, 2025 (Source: Etherscan, January 20, 2025). This increase in holders could signal growing interest and potential future trading activity once the tokens become transferable. Additionally, the trading volume of WLFI paired with USDT on DEXs increased by 12% over the past 24 hours ending at 8:00 AM UTC on January 20, 2025, reflecting heightened market interest (Source: DEX Screener, January 20, 2025).

余烬

@EmberCN

Analyst about On-chain Analysis