New data from crypto analytics platform Arkham shows that President Donald Trump’s decentralized finance (DeFi) platform has become a top 0.1% holder of Ethereum (stETH) after gobbling up tens of millions of dollars worth of ETH.
In a new thread on the social media platform X, Arkham say that World Liberty Financial (WLFI) – which launched earlier this year – is investing $33 million in the top altcoin, making them a top 0.1% holder of sETH.
The data too reveals WLFI’s other notable assets include $182 million in ETH, $55.6 million in stablecoin USDC, $48 million in Wrapped Bitcoin (WBTC), $6.9 million in crypto lending protocol Aave (AAVE), and $6.2 million in decentralized Oracle provider Chainlink (LINK).
Arkham further notes that WLFI bought both ETH and WBTC on January 20, the day of Trump’s second inauguration, to celebrate his return to the White House.
“Trump’s World Liberty Finance bought $47 million of it [wrapped] BTC and $47 million in BTC to celebrate his inauguration as the 47th President of the United States of America.”
According to WLF too accumulated Also worth $4.7 million to AAVE, LINK, Justin Sun’s Tron (TRX) and stablecoin protocol Ethena (ENA).
The top smart contract platform by volume is trading at $3,285 at the time of writing, down fractionally over the past 24 hours.
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Generated image: DALLE3