Trump's DeFi platform tripled Ether holdings amid market dip

From Cointelegraph
March 6, 2025 4:48 am:

The DeFi platform linked to US President Donald Trump has tripled its Ether holdings over the past week, now holding about $10 million more in Ether than a week earlier. It also acquired an additional $10 million in Wrapped Bitcoin and $1.5 million in Movement Network tokens.

Trump’s DeFi platform is currently facing a total unrealized loss of over $89 million across nine tokens it invested in, according to Lookonchain data. The recent dip in crypto markets prompted a flight toward safety, with investors seeking safer assets like tokenized real-world assets.

WLFI, linked to Trump, recently launched a “Macro Strategy” fund for Bitcoin, Ether, and altcoins, aiming to reshape global finance. The fund diversifies holdings across a spectrum of tokenized assets to ensure a resilient financial system and invest in emerging opportunities within the DeFi landscape.

Speculation arose about the Trump family launching a “giant” business on Ethereum, according to Joseph Lubin, co-founder of Ethereum. Lubin suggested that the Trump administration might integrate Ethereum technology into government activities, similar to its current use of internet protocols.

Ether remains the largest holding of WLFI, followed by $14.9 million worth of WBTC and $13.2 million worth of the USDT stablecoin. Trump’s crypto ventures have raised concerns about conflict of interest and insider trading.

Read more at Cointelegraph: Trump’s WLFI tripled Ether holdings in a week amid market downturn