World Liberty Financial (WLFI), Donald Trump’s family-backed cryptocurrency investment firm, has exchanged 470,000 USD coins (USDC) for 342,000 ONDO tokens, according to recent blockchain transaction data. The swap took place 20 minutes before reports surfaced, reflecting the firm’s ongoing interest in the altcoin despite its recent price downturn.
ONDO, a token linked to decentralized finance (DeFi) protocols, has declined by 15% over the past seven days. Despite this downturn, World Liberty Financial’s move suggests confidence in ONDO’s future performance. Large investors often accumulate assets during price dips, anticipating a potential recovery.
WLFI’s New Total Valuation
Following its latest purchase, WLFI’s total valuation based on Arkham Intelligence’s data reflected $34.95 billion. Notably, the depleted valuation followed a significant asset transfer to Coinbase, which depleted the investment firm’s holdings from over $300 million to its current status.
Currently, USD Coin (USDC), Tron (TRX), Staked Ethereum (ETH), Tether (USDT), Ethereum (ETH), and ONDO are the most valuable assets in World Liberty Financial’s wallet. They are worth $14.92 million, $9.36 million, $4.89 million, $3.81 million, $1.23 million, and $448.02K, respectively. Presently, the wallet holds 150 cryptocurrencies, underscoring a markedly diversified portfolio.
Market Uncertainty and Investor Sentiment
The cryptocurrency market remains volatile, with altcoins experiencing notable price fluctuations. While the reasoning behind the firm’s investment remains unclear, its continued accumulation of ONDO may indicate a long-term strategy rather than a short-term speculative move. Market analysts are closely monitoring ONDO’s trajectory to assess whether it will rebound or face further declines in the coming weeks.
