Wallet Linked to WLFI Buys $4.5 Million Worth of ETH and WBTC
A wallet allegedly linked to World Liberty Financial (WLFI), a crypto project backed by the Trump family, has purchased $4.5 million worth of Ethereum (ETH) and Wrapped Bitcoin (WBTC). The breakdown includes ¹:
- $3.5 million worth of ETH: 1,587 ETH bought
- *$1 million worth of WBTC*: 9.7 WBTC bought
This purchase has sparked speculation within the crypto community due to the association with the Trump family. Lookonchain, a blockchain analysis platform, flagged this transaction, noting the wallet's potential connection to WLFI.
It's worth noting that WLFI has faced scrutiny and doubts regarding its investment strategy and wallet connections. Some analysts question whether the wallet truly belongs to WLFI or is merely associated with it. The project's significant losses, including a reported $209 million in unrealized losses, have also raised concerns ¹.
