Trumps World Liberty Financial Buys 86000 ETH In Just 7 Hours

World Liberty Financial, a DeFi platform linked to Donald Trump, recently bought 86,000 ETH in just seven hours, pushing its total Ethereum holdings to $422 million. With ETH now making up 65% of its portfolio, the firm’s aggressive buying has sparked speculation about its long-term strategy.

Amid these moves, World Liberty Financial denied rumors that it was selling WLFI tokens. In a February 3 statement, the firm clarified it was only reallocating assets as part of its treasury management. This came after reports suggested the company was swapping $10 million worth of WLFI tokens with other crypto projects for a 10% fee.

The firm’s expansion has drawn criticism from figures like Anthony Scaramucci, who called it a “scammy grift,” and Mark Cuban, who dismissed it as “desperation” with no real innovation.

Despite skepticism, World Liberty Financial continues to build its presence in crypto, keeping investors watching closely for its next moves.